Economy Coal India to raise about Rs 1,065 crore by selling shares to arms Updated : January 30, 2019 05:30 AM IST The three arms have in their separate board meetings have decided to buy back portion of their shares held by Coal India Ltd (CIL), the company said in the filing to the BSE. The decision on the same was taken in the meeting of board of directors of Mahanadi Coalfields Ltd (MCL) held Monday, CIL added. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.