COAL INDIA SUBSIDIARY FILES RHP FOR PROPOSED ₹9,500 CR OFFER

Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India, has filed its Red Herring Prospectus (RHP) for its proposed Initial Public Offering (IPO), targeting a fund-raising size of approximately ₹9,500 crore. KEY IPO DEVELOPMENTS 🔹 RHP Filing: MCL submitted its prospectus on November 13 to the Registrar of Companies (RoC), SEBI, BSE and NSE. 🔹 IPO Structure: The proposed public issue will comprise an Offer for Sale (OFS) by Coal India. 🔹 Shares on Offer: Coal India plans to divest up to 66.18 crore equity shares through the offering. 🔹 Ownership: Mahanadi Coalfields is currently a wholly owned subsidiary of Coal India. IPO WATCH The proposed listing is expected to provide investors with an opportunity to participate in Mahanadi Coalfields through the equity market, while enabling Coal India to partially unlock value from its subsidiary through stake dilution. #MahanadiCoalfields #MCLIPO #CoalIndia #IPOUpdate #UpcomingIPO #StockMarket #IndianStockMarket #IPOAlert Disclaimer: Investment in the securities market is subject to market risks.