Zee Media Bureau
New Delhi: The government is likely to split the Coal India Limited share sale into two tranches as its feels the prices are undervalued, sources said Tuesday.
The department of disinvestment (DoD) is keeping an eye on the market for the right price, the sources said.
In September, the government had given a go-ahead for the 10 percent stake sale in Coal India Limited which could fetch over Rs 23,000 crore to the exchequer.
At present, the government shareholding in the coal mining company is 89.65 percent.
However, sources said the government is yet to decide on the final date for the share sale in CIL and ONGC.
The Cabinet in September had also approved a 5 percent stake sale in ONGC which could fetch about Rs 18,000 cr to the exchequer.
