Subsidiary2 Sept 2026, 10:36 am
Coal India subsidiary MCL files DRHP for IPO
AI Summary
Coal India Limited (CIL) has announced the filing of the Draft Red Herring Prospectus (DRHP) for its wholly-owned subsidiary, Mahanadi Coalfields Limited (MCL). The DRHP, dated September 1, 2026, was filed with SEBI, BSE, and NSE. The proposed Initial Public Offering (IPO) involves an Offer for Sale of up to 661,836,300 equity shares of MCL, with a face value of INR 2 each, currently held by Coal India Limited. The IPO is contingent upon receiving necessary approvals, favorable market conditions, and other relevant factors. This filing is a material disclosure in compliance with SEBI LODR Regulations.
Key Highlights
- Coal India's subsidiary, MCL, has filed its DRHP for an IPO.
- The IPO will be an Offer for Sale of over 661 million equity shares.
- Coal India Limited is the selling shareholder in the proposed IPO.
- The IPO is subject to regulatory approvals and market conditions.
Price Impact
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