In the government's biggest-ever disinvestment, its 10 per cent stake sale in public sector company, Coal India Limited was over-subscribed by 1.07 times. The share sale will fetch the government about Rs 22,600 crore, and make up over half of its budgeted disinvestment target. This is the biggest share sale by any private or public sector company in the country, and exceeds the previous stake sale record of over Rs 15,000 crore by Coal India itself, in 2010. General category investors, which include FIIs, mutual funds, banks, and insurance companies, bid for 1.2 times the shares reserved for them. The retail investor portion remained under-subscribed, at 44 per cent. But Disinvestment Secretary Aradhana Johri said that in value terms, retail investors bid for shares worth Rs 1,929 crore, which is still the largest for any divestment so far.