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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.

SI Reporter Mumbai
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.

 

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First Published: Feb 28 2013 | 12:53 PM IST

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