Shares of Coal India touched 52-week low of Rs 237.60, down 1.2 percent intraday Friday after promoter sold its stake in the company.
The President of India, acting through the Ministry of Coal, Government of India, (Promoter) has sold 13,73,11,943 (2.21 percent) equity shares of Coal India to the AMC, company said in its BSE filing.
Post-acquisition holding of promoter is 72.92 percent of equity share capital of the company.
At 10:24 hrs Coal India was quoting at Rs 239.10, down Rs 1.60, or 0.66 percent on the BSE.