Coal India Set To Unlock Value From Mahanadi Coalfields, ₹9,500 Crore IPO Moves Ahead With RHP Filing
Mumbai: State-owned Coal India Limited has taken a major step towards listing its subsidiary Mahanadi Coalfields Limited (MCL), with the company filing its Red Herring Prospectus (RHP) for a proposed initial public offering (IPO) estimated at approximately ₹9,500 crore. The proposed public issue will involve the sale of a 10% stake by Coal India, as the mining major looks to unlock value from its…
Coal India has filed its Red Herring Prospectus (RHP) for the proposed initial public offering (IPO) of a 10% stake in its subsidiary, Mahanadi Coalfields Limited (MCL). The issuance is estimated to raise approximately ₹9,500 crore through the sale of up to 66.18 crore equity shares. The IPO, once approved, will provide investors with exposure to Mahanadi Coalfields' operations while allowing Coal India to realize value from its subsidiary businesses.
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