New Delhi, May 29 -- Shares of state-run Coal India Ltd are expected to remain in focus on Friday, May 29, as the government's Offer for Sale (OFS) opens for retail investors following a strong response from institutional and non-retail participants.

The retail portion of the OFS comes after overwhelming demand in the non-retail segment prompted the government to exercise its greenshoe option and increase the size of the stake sale. The development signals strong investor appetite for the Maharatna PSU despite broader market volatility.

According to the Department of Investment and Public Asset Management (DIPAM), the non-retail portion of the OFS received bids worth nearly Rs.19,000 crore, translating into a subscription of 8.14 times ...