Central government may sell 5-10 per cent stake in Coal India, Hindustan Zinc and RCFL

The central government is looking to sell 5-10 per cent stake in Coal India Limited, Hindustan Zinc Limited, and Rashtriya Chemicals and Fertilizers Limited via the offer-for-sale (OFS) mechanism.

Reportedly, according to estimates, at current prices, sales at the lower end of the range could fetch the government around Rs 165 billion.