"The road shows will take place next week in three countries, Singapore, Hong Kong, Australia," a source said, adding that they will go on for a week.
Last month, the government held road shows in five nations, including Germany and the UK.
Commenting on the mood of investors with regard to the road shows held last month, coal secretary S K Srivastava had said, "It is a very sound company with strong fundamentals and they have appreciated various aspects of operations and functioning of Coal India."
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"Investors will always have concerns and therefore these types of interfaces with investors. There were talks about the huge reserves of Coal India. They wanted to know what the future plans of using these resources are," the secretary had said.
The department of disinvestment originally planned to sell a 10 percent stake in state-owned Coal India, but faced strong opposition from employees unions as they threatened to go on strike. A proposed three-day strike was deferred to December 17 from September 23.
Coal minister Sriprakash Jaiswal had earlier said that the Coal India disinvestment may take place either this month or in December.
Coal India was listed on the stock exchanges in 2010 after an initial public offering in which the government raised Rs 15,199 crore by selling a 10 percent stake. The company has a cash balance of over Rs 60,000 crore.
Coal India stock price
On November 13, 2013, Coal India closed at Rs 284.95, down Rs 0.15, or 0.05 percent. The 52-week high of the share was Rs 374.05 and the 52-week low was Rs 238.35.
The company's trailing 12-month (TTM) EPS was at Rs 13.88 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 20.53. The latest book value of the company is Rs 32.48 per share. At current value, the price-to-book value of the company is 8.77.
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