Government OFS Triggers Sharp Fall in $COALINDIA

$COALINDIA shares fell nearly 4% after the government launched a 2% stake sale through an Offer for Sale (OFS) route. The OFS was introduced at a discount to the prevailing market price, which created selling pressure and cautious sentiment among investors. While the move helps the government meet its disinvestment targets, the discounted share sale raised concerns about short-term supply pressure on the stock despite Coal India’s strong dividend appeal and dominant market position.