CIL's board had, in March, accorded in-principle approval for the divestment of up to a 25 per cent equity stake each in SECL and MCL through an offer for sale (OFS), along with the issuance of up to 10 per cent of SECL's post-issue paid-up capital as fresh equity shares through the IPO route

The QIP, which was open between August 24-28, saw interest from domestic mutual funds and global institutions. A total of 99.52 lakh shares were allotted at Rs 2,110 per share as part of the QIP