COAL INDIA: IMPORTANT

1) Coal India should declare total Dividend of Rs 24/share ( no interim dividend with Q1) for FY19. *Investors stand to get 9% TAX FREE yield, apart from capital appreciation*. Coal India is poised to report HIGHEST EVER NP in FY19

2) BUY BACK: Announcement of buy back @ Rs 325 likely in September as Govt needs money to meet Disinvestment target. Plan for OFS have been dropped for time being. *Govt will transfer it's 5% holding to National Investment Fund*. This step will bring down Govt holding below 75%