Coal India said to plan $1 billion MCL IPO as soon as this month - The
Coal India is preparing a $1 billion IPO of its subsidiary Mahanadi Coalfields, potentially launching in late November or early December 2026. The offer will involve a 10% stake sale by the parent, valuing MCL at up to $10 billion. MCL contributed 22.4% of India's non-coking coal production in FY26.
The IPO will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with Sebi. Listen to this article in summarized format IPO Calendar: Primary market cools after Jio frenzy, but 13 listings lined up IPO ahead: Value-fashion retailer Ratnadeep Retail gets Sebi nod to raise funds through public issue Why did market rally today? Sensex soars 1,233 pts, Nifty ends above 23,400. 7 factors behind Rs 8 lakh crore gains
