Coal India Subsidiary CMPDI Lists via IPO

Coal India Limited disclosed the IPO listing of subsidiary Central Mine Planning & Design Institute Limited (CMPDI) on BSE and NSE effective March 30, 2026.
Coal India offloaded 107,100,000 equity shares of CMPDI at ₹172 per share via an Offer for Sale, raising approximately ₹1,842 crore.
Post-IPO, Coal India's stake in CMPDI reduced from 100% to 85%; CMPDI ceases to be a wholly-owned subsidiary but remains a subsidiary.