Coal India plans IPO for South Eastern Coalfields

What happened

Coal India is preparing for an initial public offering (IPO) for its subsidiary, South Eastern Coalfields.
The company has hired four banks to manage the process and may file documents in December.

Financial terms from this story, in everyday words.

IPO: Initial Public Offering, when a company sells shares to the public for the first time.

Original source

NewsData.io

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