Coal India ready to divest up to 25% in two subsidiaries via OFS
This story was originally published at 21:16 IST on 23 March 2026
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--Coal India gives in-principle OK to divest up to 25% in Mahanadi Coalfields
--Coal India gives in-principle OK for OFS of 25% in South Eastern Coalfields
MUMBAI – Coal India's board Monday gave in-principle approval to divest up to 25% stake in two subsidiaries, Mahanadi Coalfields Ltd. and South Eastern Coalfields Ltd., through an offer for sale via an initial public offering or any other route. Further, the company will also issue fresh equity shares of South Eastern Coal Fields aggregating up to 10% of the post-issue paid-up equity share capital, according to an exchange filing by Coal India. In December, the company's board had given in-principle approval to list the two companies on the stock exchanges.
For the quarter ended December, Coal India reported a consolidated net profit of INR 71.57 billion on revenues of INR 349.24 billion. On Monday, shares of the company ended nearly 3% lower at INR 455.25 on the National Stock Exchange. End
Reported by Eshitva Prakash
Edited by Deepshikha Bhardwaj
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