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NOTICES
Notice No.   20230601-18   Notice Date   01 Jun 2023
Category   Trading   Segment   Equity
Subject   Offer for Sale for Coal India Limited
Attachments   CIL OFS.pdf ;
Content

 This is in continuation of the Exchange notice no. 20230531-41 dated 31 May, 2023 for Offer, whereby The President of India (acting through and represented by the Ministry of Coal, Government of India), (the “Seller”), proposes to sell up to 9,24,40,924 Equity Shares of Coal India Limited (the “Company”) (representing 1.50% of the total issued and paid up Equity Share capital of the Company) (“Base Offer Size”), on June 01, 2023, (“T day”) (for non-Retail Investors only) and on June 02, 2023 (“T+1 day”) (for Retail Investors and for non-Retail Investors who choose to carry forward their unallotted bids) with an option to additionally sell 9,24,40,924 Equity Shares (representing 1.50% of the total issued and paid up Equity Share capital of the Company) (the “Oversubscription Option”, and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 3.00% of the total issued and paid up Equity Share capital of the Company, i.e. 18,48,81,848 Equity Shares, and will collectively, hereinafter be referred to as “Offer Shares”.

In this regard, the Seller wish to intimate BSE and NSE of their intention to exercise the Oversubscription Option to the extent of 9,24,40,924 Equity Shares (representing 1.50% of the total issued and paid-up Equity Share capital of the Company) in addition to the Base Offer Size. Accordingly, the total Offer size will be up to 18,48,81,848 Equity Shares (representing 3.00% of the total issued and paid-up equity share capital of the Company as on March 31, 2023).

 

Mangesh Tayde                                          

Deputy General Manager

Listing Sales & Ops

June 01, 2023