CIL approves IPO plans for SECL and MCL, up to 25% stake sale
Coal India Limited (CIL) has approved in-principle plans to list two of its subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), on domestic stock exchanges, with divestment of up to 25% equity in each through the Offer for Sale (OFS) route. The approvals were granted at CIL’s board meeting on March 23,…