Coal India has an offer for sale out today.
- 31 cr. shares for sale on the exchanges
- This should raise Rs. 10,000 cr.
- If there is more demand, they will sell another 10,000 cr. worth
- Retail investors get about 5% discount (for upto Rs. 200,000 invested)
You can buy through your broker.
So Should I Sell My House and Buy?
The Short Answer: No.
So What’s the Long Answer?
Oh Come on.
Ok, I’ll stop messing around.
Coal India is a quasi monopoly for coal mining in India. We use a lot of coal. Not just to blacken someone’s face when they made cartoons we didn’t like, which has substantial demand and major growth potential considering just the mad people on twitter. But that is not where we use coal.
We use coal in Thermal power plants. Of which we have a lot. I don’t have time to actually count them but we have a […]