Coal India Arm Mahanadi Coalfields Files IPO Papers, Plans OFS of up to 66 Cr Shares

Coal India arm Mahanadi Coalfields files IPO papers, plans OFS of up to 66 cr shares

Mahanadi Coalfields has filed its DRHP for an IPO comprising an OFS of up to 66.18 crore shares by promoter Coal India. The proposed listing will give investors direct exposure to one of Indias largest non-coking coal producers, backed by substantial reserves and established mining infrastructure.

Coal India to Sell 10 Pc Stake in Mahanadi Coalfields Through IPO

Get latest articles and stories on Business at LatestLY. State-owned coal mining and refining company Coal India is planning to sell a 10 per cent stake in Mahanadi Coalfields (MCL) through the fully owned subsidiary's initial public offering (IPO), as per the draft papers filed with Securities and Exchange Board of India (SEBI). Business News | Coal India to Sell 10 Pc Stake in Mahanadi Coalfields Through IPO.

Coal India to sell 10 pc stake in Mahanadi Coalfields through IPO - The Tribune

State-owned coal mining and refining company Coal India is planning to sell a 10 per cent stake in Mahanadi Coalfields (MCL) through the fully owned subsidiary's initial public offering (IPO), as per the draft papers filed with Securities and Exchange Board of India (SEBI).

Coal India stock jumps 4%, top Nifty gainer as Mahanadi Coalfields IPO lifts sentiment; strong coal demand helps

The gains in Coal India stock came after the PSU filed draft papers to sell a 10 percent stake in its wholly owned subsidiary Mahanadi Coalfields through an initial public offering. Brokerages also highlighted strong thermal coal demand, falling inventories and potentially higher e-auction premiums.

Coal India to sell 10% stake in Mahanadi Coalfields IPO

Coal India will sell a 10% stake in Mahanadi Coalfields through an IPO, with up to 661.8 million existing shares offered by the parent.

Coal India to sell 10% stake in unit Mahanadi Coalfields' IPO