Coal India approves 25% stake sale in SECL
pre-market1 source ↓written by the desknot a recommendation
- in South Eastern
- 25% stake sale
Coal India Limited (CIL) has approved a 25% stake sale in South Eastern Coalfields Limited (SECL) via an Offer for Sale (OFS). Additionally, SECL plans to issue fresh equity shares up to 10% of its post-issue paid-up capital, enhancing public participation. This decision follows SECL's earlier listing approval and requires regulatory compliance for execution.
Not investment advice. For informational purposes only.