CIL Share priced at Rs. 245

October 26th, 2010  | Published in Business and Finance

The government on Monday priced state-run Coal India’s IPO at Rs 245. The government will raise close to $3.5 billion from the sale of 10 percent stake in the world’s largest coal miner. The offer had a price range of Rs 225 to Rs 245 a share. The IPO was more than 15 times subscribed by close on October 21, with most bids at the top end.


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