Why there is the need for OFS of Coal India Ltd! A review.
Before we delve into appreciating or criticizing this OFS of "Coal India" brought by the Government of India there are a few aspects to be taken under consideration. Understanding the "Disinvestment Policy" of the Indian Gov't! The salient features of the Policy are: Public Sector Undertakings are the wealth of the Nation and ensure this wealth rests in the hands of the people, promoting public ownership of CPSEs. While pursuing disinvestment through minority stake sale in listed CPSEs, the Gov't will retain majority shareholding, i.e. at least fifty-one percent of the shareholding and management control of the Public Sector Undertakings. Strategic disinvestment by way of sale of a substantial portion of Government shareholding in identified CPSEs up to 50% or more, along with transfer of management control. Once understood the "Disinvestment Policy" now let's take note of the OFS of Coal India in the Share Market. The OFS of Coal India: Coal...