Coal India’s subsidiary Mahanadi Coalfields (MCL) is set for an initial public offering, after Coal India’s arm files draft documents for the IPO. NDTV reports that the offering is intended to unlock value from MCL, which is described as one of the group’s most profitable subsidiaries, while also giving investors direct exposure to MCL’s coal mining operations.
The filings include an offer for sale (OFS) component. According to the reports, the OFS comprises 66.18 crore shares, amounting to more than 66 crore shares referenced across coverage. While the draft papers outline the structure, the sources do not specify the final issue size, pricing, or listing timeline in the excerpts provided.
Across the two items, the core details match: the IPO is at the draft-paper stage, it is linked to Coal India’s plan to value-realize from MCL, and the OFS figure cited is 66.18 crore shares.
