CIL FPO unlikely; may mull spl dividend on Monday: Srcs

Dec 13, 2013, 12.31 PM IST

The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. CIL is sitting on a cash pile of over Rs 60,000 crore.

Tags  Coal India, IOC, special dividend , FPO

Like this story, share it with millions of investors on M3

CIL FPO unlikely; may mull spl dividend on Monday: Srcs

The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. CIL is sitting on a cash pile of over Rs 60,000 crore.

Like this story, share it with millions of investors on M3

CIL FPO unlikely; may mull spl dividend on Monday: Srcs

The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. CIL is sitting on a cash pile of over Rs 60,000 crore.

Comments (1)   .   Share  .  Email  .  Print  .  A+A-

While the finance ministery may succeed in divesting Oil PSU Indian Oil Corporation , ( IOC ) Coal India's (CIL) 5 percent stake sale via FPO seems unlikely, say sources close to CNBC-TV18. Currently, the government's stake in company stands as 90 percent and foreign institutional investors hold 5.35 percent.

The decision will impede the government from achieving its FY14 divestment target of Rs 40,000 crore. Last month, the government concluded the last phase of roadshow in Hong Kong, Australia and Singapore. The first phase of investor roadshow took place in the US and UK.

Sources also tell CNBC-TV18 that the CIL is likely to consider special dividend on Monday while discarding the option of a buyback.  The Government was favouring a share buyback as trade unions were strongly opposed to the disinvestment move. CIL, which is sitting on a cash pile of over Rs 60,000 crore, paid a total dividend of Rs 8845 crore at the rate of Rs 14 per share in FY2013.

Action in Indian Oil Corporation

Anda sedang membaca artikel tentang

CIL FPO unlikely; may mull spl dividend on Monday: Srcs

Dengan url

https://rokokkanker.blogspot.com/2013/12/cil-fpo-unlikely-may-mull-spl-dividend.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

CIL FPO unlikely; may mull spl dividend on Monday: Srcs

namun jangan lupa untuk meletakkan link

CIL FPO unlikely; may mull spl dividend on Monday: Srcs

sebagai sumbernya