Bengaluru, May 27 -- The shares of the large-cap company specialising in the exploration, production, processing, and marketing of coal, and the world's single largest coal producer, were in the spotlight during today's trade after the government launched a major stake sale through the OFS route.

With a market capitalization of Rs. 2,74,487.92 crores on the day's trade, the shares of Coal India Ltd declined 6.6 upto percent, making a low of Rs. 427.80 per share compared to its previous closing price of Rs. 458.25 per share.

What Happened

The Government of India, through the Ministry of Coal, has announced an Offer for Sale (OFS) for up to 6.16 crore equity shares of Coal India Limited, representing a 1% stake, with an additional 1% sta...