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Coal India plans 10% stake sale in Mahanadi Coalfields IPO

Coal India (COALINDIA) will sell a 10% stake in Mahanadi Coalfields (MHAN.NS) via its fully owned subsidiary’s initial public offering, draft IPO papers filed with the market regulator showed.

COALINDIA

Coal India NSE:COALINDIA, the world's largest coal producer, is selling a 10% stake in Mahanadi Coalfields (MHAN.NS) through the fully owned subsidiary's initial public offering, draft papers filed with the market regulator showed.($1 = 94.9500 Indian rupees)