CIL trade unions have agreed for 5% disinvestment: Minister

A five percent stake sale will fetch the government about USD 1.5 billion at current market price. Coal India's trade unions had earlier threatened to go on an indefinite strike if the government went ahead with the sale.

May 06, 2019 / 12:40 IST

26 Aug, 2025 12:21

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Major trade unions of state-owned Coal India have agreed to allow a five percent disinvestment in the company instead of the planned 10 percent, Coal Minister Sriprakash Jaiswal said on Tuesday.

The Indian government has been keen to sell 10 percent stake in Coal India through a share auction to achieve its target of raising Rs 4000 crore through stake sales in the current fiscal year.

Also Read: Government mulls plan to start coal banking system

A five percent stake sale will fetch the government about USD 1.5 billion at current market price.

Coal India's trade unions had earlier threatened to go on an indefinite strike if the government went ahead with the sale.

first published: Jul 30, 2013 05:59 pm

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