Coal India Unit South Eastern Coalfields Files for IPO
South Eastern Coalfields filed a draft prospectus for an IPO in India. The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance.
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05:22:09 AM UTC
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South Eastern Coalfields Ltd. (SECL), a wholly owned subsidiary of state-owned Coal India Ltd., has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).The proposed IPO will be entirely an offer for sale (OFS), wi…
South Eastern Coalfields Ltd., a unit of state-run Coal India Ltd., has filed a draft prospectus with India’s markets regulator for an initial public offering.The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with…