As much as 20 per cent of the offered shares have been reserved for retail investors, who can buy stocks worth up to Rs 2 lakh in the share sale. A minimum of 25 per cent of the issue size would be reserved for mutual funds and insurance companies. Also, a 5 per cent discount on the bid price would be given to retail investors.

The CIL share sale would help the government meet more than half of the disinvestment target of Rs 43,425 crore in the current fiscal.

Opposing the disinvestment, trade unions yesterday had said they will hold "symbolic demonstration" to protest the decision and also warned of a possible strike at a later stage after discussing the matter with all central unions.

The stock exchanges had also sought clarification from the company on media reports that unions have threatened to 'go slow', to which CIL replied that it has not received any such notice.

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