India Plans to Raise $3.7 Billion Selling Shares in Coal India

India Plans to Raise $3.7 Billion Selling Shares in Coal India

Kuni Takahashi/Bloomberg

The government, which owns 90 percent in the monopoly coal miner, plans to sell a 5 percent stake to the public and a similar holding to the company, according to a finance ministry’s draft proposal obtained by Bloomberg News.