IPO & listingMoneycontrol
Mahanadi Coalfields IPO: Coal India to divest up to 10% stake; here's everything you should know
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GreyOak summary
Mahanadi Coalfields Limited (MCL) received SEBI approval to launch an IPO via an offer for sale. Coal India will divest up to 10% stake, raising proceeds for itself while MCL receives none. The shares will list on NSE and BSE, with book-building managed by several banks.
What it affects
- Coal IndiaCOALINDIANeutral 0
Rolling sentiment Positive +20
Source
Read the original at MoneycontrolMore Coal India news
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