# Government of India plans to sell 9% stake in Coal India for $2.02bn

The Government of India plans to sell up to 9% of its stake in Coal India to raise $2.02bn as part of its divestment strategy, proposing to divest a 3% interest by selling up to 186.2 million shares at Rs266 ($3.59) per share.

- Type: Investment
- Announced: 2018-11-09
- Where: India, India
- Value: $2.02B
- Status: announced
- Products: coal
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Coal India](https://endata.com/companies/8901.md)
- [Government of India](https://endata.com/companies/873.md) (investor)

## Sources

- [mining-technology.com](https://www.mining-technology.com/news/mas-week-anglo-american-platinum-ausdrill-coal-india/), 2018-11-09: "The Government of India plans to sell up to 9% of its stake in Coal India to raise $2.02bn as part of its divestment strategy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.