New Delhi, May 27 -- The government's Offer for Sale (OFS) in state-run Coal India Limited received a strong investor response on the first day, with the issue getting oversubscribed 8.14 times.

"Offer for Sale in Coal India Limited received enthusiastic response from investors and was over subscribed 8.14 times on the first day. Allocation will be on price priority basis," Department of Investment and Public Asset Management (DIPAM) Secretary said in a post on X.

The government has also decided to exercise the entire green shoe option, which allows the seller to increase the number of shares being sold if investor demand remains strong.

"Government has decided to exercise the entire green shoe option. Retail investors and employees ge...