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BUZZ-Coal India slumps on report cabinet may consider stake sale
August 12, 2015 / 9:13 AM / 2 years ago

BUZZ-Coal India slumps on report cabinet may consider stake sale

** Coal India Ltd falls as much as 8 pct, heading towards its biggest single day loss since Jan 17, 2014

** Stock has fallen nearly 17 pct in six consecutive session of declines

** Cabinet may consider stake sale in the company on Wednesday: The Economic Times reported on Tuesday citing sources

(bit.ly/1IYiN1A)

** The government plans to sell 5 to 10 pct stake in the miner, the report added

** Also, Coal India will report results for the quarter ended June later in the day

** Coal India executives could not immediately be reached (RM: karen.rebelo.thomsonreuters.com@reuters.net)

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