 "Coal India")
After the centre raised around Rs 84 billion from three rounds of stake sale in Coal India, it will again be receiving another Rs 32.87 billion from this Maharatna enterprise as interim dividend.
The company’s board, on Thursday, approved a payout of Rs 7.25 per share of the face value of Rs 10 each as recommended by its audit committee. The government, currently holds 72.92 per cent.
The total outgo from Coal India’s coffers as expense for this interim dividend is to the tune of Rs 45 billion and the company will start the payment from January 5, 2019 onwards.
