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<h1>Coal India to gain over Rs 600 crore by selling 10% of BCCL through an offer for sale IPO.</h1> Coal India will sell a 10% stake in BCCL through a 100% offer for sale at an IPO price band of Rs 21-23 per share; with a Rs 10 acquisition cost, Coal India stands to receive gross proceeds of about Rs 1,071 crore at the upper band and a net gain near Rs 605 crore. As an offer for sale, the proceeds accrue to Coal India and BCCL will not receive IPO funds.