October 25, 2010 7:52 PM

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Coal India IPO priced at Rs 245 per share <br/>

The government today fixed Coal India&apos;s mega IPO issue price at 245 rupees per share. It will fetch over 15,000 crore rupees to the government by issuing 63.16 crore shares of Coal India at the fixed price. It will offer a discount of five per cent to retail investors. Coal Minster Sriprakash Jaiswal said after a meeting of the Empowered Group of Ministers (EGoM), headed by Finance Ministers Pranab Mukherjee that the issue was a grand success. He said that board of Coal India meeting is on to approve the issue price.

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