Coal India files RHP for CMPDIL IPO, offers 107.1 million shares
after close1 source ↓written by the desknot a recommendation
- include
- 107.1 million equity shares
Coal India Limited has filed a Red Herring Prospectus (RHP) with SEBI for the IPO of CMPDIL, its wholly owned subsidiary. The proposed Offer for Sale will include up to 107.1 million equity shares. This move aims to enable CMPDIL to operate as a separately listed entity, enhancing its market presence.
The IPO marks a significant step for Coal India as it seeks to partially divest its stake in CMPDIL, potentially impacting investor sentiment in the mining sector.
Not investment advice. For informational purposes only.