The government is set to divest up to 2% stake in Coal India through an Offer for Sale (OFS), with the divestment secretary confirming a floor price of Rs 412 per share. The OFS opens for non-retail investors on Wednesday and for retail investors on Friday, marking another step in the administration's disinvestment push.

While initial reports mentioned 1% equity, sources now indicate the government intends to sell up to 2% stake in the state-owned miner. This OFS aims to broaden public participation while generating revenue for the exchequer. Retail investors get a dedicated window, encouraging smaller participants to join.

The floor price of Rs 412 per share represents the minimum bidding threshold, with actual transaction prices potentially higher depending on demand. Coal India, India's largest coal producer, remains a key asset in the government's divestment pipeline.

This move aligns with the broader strategy to reduce government ownership in public sector enterprises while maintaining strategic control. The timing, opening mid-week for institutions and extending to retail by Friday, follows standard OFS mechanics designed to maximize participation and price discovery. Investors should monitor market conditions and bidding patterns before participating in this disinvestment opportunity.