Coal India shares rise 3.5% on BCCL IPO plans
pre-market1 source ↓written by the desknot a recommendation
- Ltd shares increased
- 3.5%
- amid reports
- ₹400
- IPO
- ₹1,300 cr
- of its stake
- 10%
- equity shares
- 46.57 cr
Coal India Ltd shares increased 3.5% to ₹400 amid reports that its subsidiary, Bharat Coking Coal, plans a ₹1,300 cr IPO. The offering will be a pure offer for sale, with Coal India divesting 10% of its stake, equating to approximately 46.57 cr equity shares. The IPO will enhance liquidity and bolster Coal India's financial position.
Not investment advice. For informational purposes only.