Coal India Unit MCL Files Draft Prospectus for Proposed IPO
Coal India Limited disclosed that its wholly owned subsidiary Mahanadi Coalfields Limited has filed a draft red herring prospectus dated 1 September 2026 with SEBI and stock exchanges for a proposed IPO of up to 661,836,300 equity shares of INR 2 face value. The offer depends on approvals and market conditions, potentially allowing Coal India to sell a stake and alter its capital structure.