Coal India to offer shares against land to farmers

In a move that may set the tone for future land acquisitions for all

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big projects, the government-owned behemoth, Coal India (CIL), has decided to offer equity to farmers for their homestead acquired by it.

The equity will be handed to farmers even before the company goes public and obtains stock exchange listing, according to an approval already granted to CIL by the Securities & Exchange Board of India (Sebi), said a top official in the coal ministry.