Deals & Growth
BSE India2 Sept 2026, 5:30 am IST
Coal India files for IPO of subsidiary Mahanadi Coalfields
What happened
- Coal India has filed the Draft Red Herring Prospectus (DRHP) for an Initial Public Offering (IPO) of its subsidiary, Mahanadi Coalfields Limited.
- The offering will include up to 661,836,300 shares through an Offer for Sale (OFS).
Key terms explained
Financial terms from this story, in everyday words.
- IPO
- The first time a company offers its shares to the public on a stock exchange.
- DRHP
- A preliminary document filed by a company before an IPO containing details about the business and the offer.
Original source
BSE India
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