Coal India approves 25% stake sale in SECL
after close1 source ↓written by the desknot a recommendation
- of its equity
- 25% divestment
- shares to enhance
- 10% fresh equity
Coal India Limited has approved a 25% divestment of its equity shares in South Eastern Coalfields Limited through an Offer for Sale. Additionally, SECL plans to issue 10% fresh equity shares to enhance public participation. This decision follows SECL's earlier listing approval and is subject to regulatory clearances.
Not investment advice. For informational purposes only.