Deals23 Mar 2026, 08:11 pm
Coal India Ltd. Board Approves up to 25% Equity Holding Divestment in Mahanadi Coalfields Ltd.
AI Summary
Coal India Ltd. (CIL) has given in-principle approval to divest up to 25% equity holding in Mahanadi Coalfields Ltd. (MCL) through Offer for Sale (OFS) in one or more tranches, via Initial Public Offering (IPO) and/or other permissible market routes in the domestic market. The proposed listing of MCL is subject to receipt of requisite regulatory approvals, market conditions, and completion of necessary formalities.
Key Highlights
- Coal India Ltd. (CIL) has approved the divestment of up to 25% equity shares held in Mahanadi Coalfields Ltd. (MCL)
- The divestment will be through Offer for Sale (OFS) in one or more tranches, via Initial Public Offering (IPO) and/or other permissible market routes in the domestic market
- The proposed listing of MCL is subject to receipt of regulatory approvals, market conditions, and completion of necessary formalities
- Coal India Ltd. (CIL) has intimated the Stock Exchanges about the in-principle approval for the listing of Mahanadi Coalfields Limited (MCL)
- The decision was made at the Board meeting of Coal India Ltd. (CIL) held on 23.03.2026