Coal India receives approval for Mahanadi Coalfields IPO
after close1 source ↓written by the desknot a recommendation
Coal India announced that the Department of Investment and Public Asset Management (DIPAM) has approved the IPO proposal for Mahanadi Coalfields. This includes a stake sale via an offer for sale (OFS) and a fresh equity issuance. The move aims to enhance capital and comply with SEBI regulations, potentially impacting investor sentiment in the coal sector. ⚡
Not investment advice. For informational purposes only.