Coal India shares gained following FTSE's announcement that it has increased the free float of the state miner after an offer for sale, which may result in an inflow of $18.5m, according to Nuvama. An additional 6.6 million shares are available for investors, equivalent to 0.7 days' average daily trading. The two-day offer-for-sale, which ran to 1 June, was expected to raise INR42bn ($569.5m) for the government.
