Coal India Subsidiaries' IPOs in Progress: Material Price Movement in Share Price

Coal India Ltd. has confirmed the progress of Initial Public Offerings (IPOs) for its two wholly owned subsidiaries, CMPDIL and BCCL. The company appointed Brokerage and Research (BRLMs) through a tendering process and is preparing a Draft Red Herring Prospectus (DRHP). However, Coal India Ltd. did not confirm whether the material price movement in its share price was a result of these news articles.