Bearish
🤖 80%
India Ramps Up $12 Billion Share Sale Plan as Oil Strains Budget
Coal India is another key divestment candidate, with the government aiming to sell up to 10% to raise billions. The stake sale could weigh on the stock temporarily.
Catalysts
- ▼ Government's accelerated divestment schedule
- ▼ OFS filing expected soon
Risk Factors
- ▲ Higher coal demand lifting earnings
- ▲ Government decides on smaller stake sale
▼ Show FAQ (2) ▲ Hide FAQ
Is Coal India a major part of the divestment plan?
Yes, Coal India is a flagship PSU and likely a large portion of the revenue target due to its substantial market capitalization.
How might Coal India's stock react to the OFS?
The stock typically faces pressure ahead of large sales but finds support once the overhang is cleared, especially if dividend policies remain attractive.