Coal India's Board approved in-principle divestment of up to 25% equity in subsidiary Mahanadi Coalfields Limited (MCL) via IPO/OFS.
Divestment may occur in one or more tranches through domestic market routes under SEBI (ICDR) Regulations, 2018.
Approval to be communicated to Ministry of Coal for onward submission to DIPAM; listing subject to regulatory approvals.