2026-11-05
1400 · Markets Surge as Oil Prices Plummet
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Coal Giant Subsidiary Secures IPO Nod: What's Next?
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🔔 IPO↺ from 5 Nov
Mahanadi Coalfields Limited (MCL), a major subsidiary of Coal India, has received regulatory approval from SEBI for its initial public offering. This move is part of Coal India's strategy to divest a 10% stake in its profitable arm.
IPO Approval→Public Sector Divestment→Capital Markets
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