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Mahanadi Coalfields files RHP for IPO

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Mahanadi Coalfields Limited, a subsidiary of Coal India, filed a Red Herring Prospectus for an IPO on November 14, 2026. The issue involves an offer for sale of up to 66.18 crore equity shares by Coal India, with no proceeds going to MCL. Lead managers include SBI Capital Markets and Axis Capital.

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