Coal India Stake Sale May Spill Over to Next Fiscal Year: Report

New Delhi: Sale of a 10 per cent stake in Coal India is likely to be deferred to next fiscal year as the government wants to wait for stability in the equity markets for a better valuation. "If we don't get the right price, we may not sell government shares in CIL this fiscal," an official told PTI. Coal India shares are currently trading at Rs 318.20 apiece, resulting in a notional loss of over 11 per cent to investors who purchas...