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Merchant Banker for CIL Share Sale Soon

The country’s largest coal miner Coal India (CIL) is likely to appoint a merchant banker soon to advise it on the proposed disinvestment in the company.
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The Government may offload a maximum of 10% of its stake in the state run firm. Currently its holding in CIL stands at 100% Coal India may appoint a merchant banker soon to advise it on the proposed disinvestment a top coal ministry official said.

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