The Alternative Mechanism, processed by DIPAM/MoC, has approved the listing of Mahanadi Coalfields Limited (MCL) through an IPO combining an Offer for Sale of Coal India Limited's existing shares and a fresh equity issue. The overall disinvestment and capital raising is capped at reducing CIL's shareholding in MCL by up to 25% in the domestic market. The exercise may be carried out simultaneously or separately, in one or more tranches, via OFS, FPO, QIP, or other SEBI-approved methods. The proposed listing remains contingent on prevailing market conditions and completion of all statutory and regulatory formalities.
Alternative Mechanism Approves Listing of Mahanadi Coalfields Limited; Coal India to Divest Up to 25% Stake via IPO
