MUMBAI - Shares of Coal India Limited (CIL) faced significant selling pressure during Thursday's trading session following reports that the Government of India is planning to divest a 3-4% stake in the state-run mining giant.

The divestment, likely to be executed via an Offer for Sale (OFS), is expected to raise approximately ₹10,000 crore as part of the Centre's broader disinvestment agenda.

The stock's decline was triggered by a CNBC-TV18 report suggesting that the shares might be offered at a discount to the current market price to attract investors.

Despite the caution surrounding the stake sale, Coal India's fundamental performance remains robust, as evidenced by its recent Q4 FY26 results:

The OFS will likely see significant interest from institutional players who already hold substantial stakes in the Maharatna PSU: