Coal India - Updated timeline

Coal India - Updated timelines are as under –

· Basis of Allotment will be approved by the Stock Exchange late evening today – Oct 29, 2010
· Fund Transfer instructions will be given to banks tomorrow morning i.e. Oct 30, 2010
o So, unlocking of ASBA fund should happen tomorrow if banks react immediately (it being a Saturday)
o Normal Refund (non ASBA) – between Saturday and Monday – i.e. Oct 30, 2010 and Nov 1, 2010
· Credit of Shares – Saturday - Oct 30, 2010 (unusual, but it is)
· Listing – Thursday – Nov 4, 2010

Registrar has communicated that they are working on these timelines based on the confirmations given by the Stock Exchange that they will be working till whatever time today to approve the basis and NSDL / CDSL giving the confirmations that they are ready to work whole day tomorrow for the corporate action / credit of shares.


Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd