The company has submitted a filing with the National Stock Exchange (NSE) announcing the offer for sale. "The president of India, acting through and represented by the ministry of coal, government of India, has submitted to the exchange, a copy of announcement with respect to offer for sale through stock exchange mechanism for sale up to 31,58,18,220 equity shares of Coal India Limited by president of India, acting through and represented by the ministry of coal, the government of India (seller)," NSE said in a filing update. At present, the central government holds 89.65 percent stake in CIL. Besides, 20 percent of the OFS has been reserved for retail investors.