New Launch31 May 2025, 10:20 pm
Coal India Subsidiary, Bharat Coking Coal Limited, Files DRHP for Proposed IPO
AI Summary
Bharat Coking Coal Limited (BCCL), a wholly owned subsidiary of Coal India Limited, has filed a draft red herring prospectus (DRHP) with SEBI, BSE, and NSE. The DRHP filing pertains to the proposed initial public offering (IPO) of BCCL, which includes an offer for sale of up to 465,700,000 equity shares by Coal India Limited. The IPO is subject to receipt of applicable approvals, market conditions, and other relevant considerations.
Key Highlights
- Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited, files DRHP for proposed IPO
- The IPO comprises an offer for sale of up to 465,700,000 equity shares by Coal India Limited
- The DRHP filing is subject to receipt of applicable approvals, market conditions, and other relevant considerations