Coal India IPO: Over 3,100 employee applications rejected

The Indian Express.com reports that the extremely popular Coal Indian IPO has had to reject 3,100 of the 25,000 employee applications.

The story is quoted as saying:

There were about 3,166 applications for around 7.5 lakh shares in the employee category which have been rejected,” a person in the know of the matter said. The development comes just a day before the company’s debut on bourses.

To access the full story, click here.