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The Economic Times
The Economic Times
Shivendra Kumar

Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake

Coal India Coal IPO India MCL

The Indian government has approved the proposal for the listing and disinvestment of Mahanadi Coalfields Limited (MCL), paving the way for the coal producer’s potential stock market debut through an initial public offering (IPO).

According to an official communication, the Department of Investment and Public Asset Management (DIPAM) and the Ministry of Coal had placed the proposal before the Alternative Mechanism (AM) after securing approvals from the boards of Coal India Limited (CIL) and MCL.

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