India Approves Mahanadi Coalfields IPO
India capital markets regulator approved the initial public offering for Coal India unit Mahanadi Coalfields. The state-run miner plans to sell a ten percent stake in a deal expected to raise up to one billion dollars.
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India's markets regulator approved the IPO for Mahanadi Coalfields, a unit of COAL INDIA LTD, targeting up to $1 billion in proceeds. The offering stands as one of the country's largest listings for the year. Investor appetite remains strong for marquee share sales.
