₹605-crore windfall! Coal India to make multibagger returns on stake sale in BCCL IPO

Coal India’s weighted average cost of acquisition (WACA) as per the company’s red herring prospectus is ₹10 per share. At the upper end of the price band of ₹21 to ₹23, Coal India stands to make a per share profit of ₹13 apiece.

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