Coal India gains on overseas acquisition report
The company seeks Expression of Interest from investment bankers, owners/owner's representatives for the acquisition of coal assets aboard.
 "Coal India gains on overseas acquisition report")
Coal India is trading higher by 3% at Rs 320 after the state-owned company invited bids from bankers and interested parties for acquiring coal assets overseas.
“Coal India seeks Expression of Interest (EoI) from investment bankers, owners/owner’s representatives for the acquisition of coal assets aboard,” the Kolkata-based company said on its website.
The stock opened at Rs 313 and touched high of Rs 323 on NSE. A combined 3.59 million shares have changed hands on the counter so far on NSE and BSE.
“Coal India seeks Expression of Interest (EoI) from investment bankers, owners/owner’s representatives for the acquisition of coal assets aboard,” the Kolkata-based company said on its website.
The stock opened at Rs 313 and touched high of Rs 323 on NSE. A combined 3.59 million shares have changed hands on the counter so far on NSE and BSE.