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IPO▲ Bullish for Coal India
Coal India Unit SECL said to hire banks for $800 million IPO
The brief
- SECL appointed ICICI Securities, SBI Capital Markets, Motilal Oswal and IDBI Capital Markets as advisers
- An IPO may create a listing opportunity in coal; Coal India shareholders are exposed
SECL's proposed $800 million IPO
South Eastern Coalfields, a Coal India subsidiary, is preparing for a potential $800 million IPO. The reported offering remains under discussion.
Monday, 28 September
- Coal India Unit SECL said to hire banks for $800 million IPO