New Delhi, May 26 -- The government aims to collect up to Rs.5,000 crore by selling its shares in state-run Coal India Ltd (CIL), in a bid to meet the disinvestment and asset monetisation target of Rs.80,000 crore for the current financial year (FY27).

In a post on X (formerly Twitter), Department of Investment and Public Asset Management (DIPAM) secretary Arunish Chawla said that the government will divest a 1% equity stake, with a green shoe option to sell an additional 1% if investor demand is higher than expected.

The floor price for the offer for sale (OFS), where existing shareholders or promoters divest stakes without issuing new shares, has been set at Rs.412 per share, Chawla said.

At the notified floor price, the government i...