New Delhi, May 26 -- The Government of India has announced an Offer for Sale (OFS) in Coal India Ltd (CIL), aiming to divest up to 2% stake in the state-run miner through a base offer and green shoe option, with a floor price fixed at Rs 412 per share. The total issue size is pegged at approximately Rs 5,000 crore at the floor price.

Under the offer structure, the President of India, acting through the Ministry of Coal, will sell up to 6,16,27,283 equity shares, or 1.00% of outstanding paid-up equity, as the base offer size. An equal quantum is kept as the oversubscription option, taking the total potential offer to 12,32,54,566 shares, or 2.00% of the company's equity. At the floor price, the base offer is valued at Rs 2,539 crore and t...