CIL 10% stake sold by GoI Oversubscribed 1.07 times

Q.  In the government’s biggest-ever disinvestment, its 10 per cent stake sale in Coal India Limited Public sector company was over-subscribed by ______.
- Published on 23 Jan 15

a. 2 times
b. 1.07 times
c. 1.55 times
d. 3 times

ANSWER: 1.07 times
 
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.

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