Mahanadi Coalfields files DRHP for OFS-led IPO
Mahanadi Coalfields, a wholly owned subsidiary of Coal India, filed its draft red herring prospectus with SEBI for an initial public offering. The proposed issue is entirely an offer for sale (OFS).
Mahanadi Coalfields, a wholly owned subsidiary of state-run Coal India, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).The proposed issue is entirely an offer for sale (OFS), with Coal…