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India's markets regulator approves Coal India unit Mahanadi Coalfields IPO

Source: Economic Times · Nov 05, 2026 02:41 UTC

The Quick Take

Coal India's Mahanadi Coalfields has just secured approval for an upcoming IPO, set to launch soon. This offering will potentially sell 661.8 million shares, which is equivalent to a 10% equity stake. As a vital player in India’s coal sector, the IPO anticipates raising $1 billion, thus valuing the unit at a remarkable $10 billion. The market's appetite for significant IPOs continues to grow, refl

Read the full story at Economic Times →

Ground Level News aggregates headlines from public feeds. This page shows a short summary only; the full article and all rights belong to Economic Times.

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