Coal India’s subsidiary South Eastern Coalfields Limited (SECL) is in talks with banks for what could be an approximately $800 million initial public offering (IPO) in Mumbai, according to reporting cited by multiple outlets. The process is at an early stage, and the exact structure and timetable are still being discussed.
Details of the offering, including its final size and timing, may change as negotiations continue. One outlet notes the selection of banks, while another characterizes the discussions as ongoing and emphasizes that key terms are not yet finalized. The reports do not indicate that the IPO has been confirmed beyond the current banking arrangements, and further disclosures would be expected as planning progresses.
