New Delhi : India's largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here Friday. The government, which holds 100 percent stake in CIL, will divest 10 percent through an initial public offer (IPO) of 63.1 crore shares, Bhattacharyya told reporters on the sidelines of the 20th Asian Corporate Conference organised by industry lobby CII. The company will reserve 6.3 crore shares for its employees. "We hope to file the draft red herring prospectus for the issue with Securities Exchange Board of India by...Full Story