Subsidiary24 Aug 2026, 06:20 pm
Coal India Incorporates Singapore Subsidiary CIL Global Pte. Ltd.
AI Summary
Coal India Limited (CIL) has established a wholly-owned subsidiary, CIL Global Pte. Ltd., based in Singapore. Incorporated on August 24, 2026, this new entity aims to identify and develop overseas opportunities in critical minerals asset acquisition. It will also facilitate efficient management of CIL's international investments and provide structural flexibility for future acquisitions. The subsidiary's initial investment involves 5 Lakh shares at 1 Singapore Dollar per share, representing a 100% equity stake by Coal India Limited.
Key Highlights
- Coal India establishes wholly-owned subsidiary in Singapore.
- New entity, CIL Global Pte. Ltd., to focus on critical minerals.
- Aims to manage overseas investments and facilitate future acquisitions.
- Incorporated on August 24, 2026, with 100% CIL equity.
- Initial investment of 5 Lakh shares at S$1 per share.
Price Impact
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