Coal India shares rise on Bharat Coking Coal IPO news
after close1 source ↓written by the desknot a recommendation
- to ₹400 following
- 3.5%
- plans
- ₹1,300 cr IPO
- of Coal India's
- 10%
- equating to approximately
- 46.57 cr shares
Coal India Ltd shares increased 3.5% to ₹400 following reports that its subsidiary, Bharat Coking Coal, plans a ₹1,300 cr IPO. The issue will be a pure offer for sale, divesting 10% of Coal India's stake, equating to approximately 46.57 cr shares. Proceeds will benefit the parent company, enhancing liquidity.
Not investment advice. For informational purposes only.