State-run Coal India Ltd is likely to hit the market by the third week of October with India's largest ever public offer to raise up to Rs 15,000 crore (Rs 150 billion). The government is divesting 10 per cent of its stake in Coal India, the world's largest coal miner, through the IPO.
"As of now, it seems that CIL initial public offer will open on October 18 and closes on October 21. The 10 per cent divestment will see the government raising Rs 12,000- 15,000 crore (Rs 120-150 billion)," a person in the know of the development said. The blue-print of the IPO was finalised last evening at a meeting between Finance Minister Pranab Mukherjee and Coal Minister Sriprakash Jaiswal. http://business.rediff.com/slide-show/2010/jul/08/slide-show-1-cil-to-come-out-with-largest-ipo-in-oct.htm -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
