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via thehindu.comCapital Markets

Mahanadi Coalfields files RHP for proposed IPO worth nearly ₹9,500 crore

FROM THE WIRE · THEHINDU.COM

MCL files RHP for approx ₹9,500 crore IPO, OFS 10% by Coal India, with RoC, SEBI, BSE, NSE filings.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA large Indian mining IPO is relevant for new issuance flow, though it is not a listed price driver yet.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01MCL filed the Red Herring Prospectus for an IPO of approximately ₹9,500 crore.
  2. 02The offering includes a 10% offer for sale by Coal India.
  3. 03Filings were made with RoC, SEBI, BSE and NSE.

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