It also gave its approval for issue of an Initial Public Offer (IPO) of Cochin  Shipyard Limited (CSL).65 per cent (with slight variation based on outcome of sale of one per cent equity shares to employees of CIL)..The Cabinet Committee on Economic Affairs (CCEA) on Wednesday   approved disinvestment of 10 per cent in Coal India Limited that could raise as much as  $3 billion.  

This would also add to investible public resources,” said the apex industry chamber CII.After the disinvestment of 10 per cent equity, the government of India’s  shareholding in CIL would come down to 68.  Asked about government’s expectations from the stake sale in the CIL, Mr Goyal said it hopes to mop up around Rs 20,000 crore. The timing of the latest CIL stake sale will be decided by the finance ministry. “The major decision of the CCEA to disinvest 10 per cent  China wholesale truck air dryer stake in Coal India and make  initial public offering for Cochin Shipyard sends out the right signal that the government is fast-tracking reforms.“The government has approved sale of 10 per cent stake in Coal India Limited (CIL),” coal and power minister Piysh Goyal said after the cabinet meeting