The proposal for 10 per cent disinvestment of Coal India Ltd would be taken up by Cabinet Committee on Economic Affairs this week, sources said.
A planned stake sale in Coal India in the last financial year had to be deferred after stiff opposition from the trade unions.
The coal major had to make up for that by paying about Rs 19,000 crore (Rs 190 billion) as dividend to the exchequer.
The government, which holds a 89.65 per cent stake in CIL, initially sought to divest a 10 per cent stake but lowered it to 5 per cent on account of opposition from the unions.
At Thursday's closing share price of Rs 356.40, a sale of 10 per cent stake or 63.16 crore (631.6 million) shares in CIL would fetch the government more than Rs 22,428 crore (Rs 224.28 billion).
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