New Delhi, NFAPost: The process of listing of BCCL and CMPDI, two subsidiaries of Coal India Ltd, has begun and draft papers would be filed soon with Sebi, the company on Monday said.
Speaking to reporters on the sidelines of CII Mining and Construction Equipment Summit, Coal India Ltd (CIL) Director Business Development Debasish Nanda said CIL is going to file DRHP soon.
“We are working on that. The Book Running Lead Manager (BRLM) for the initial public offering (IPO) has just been appointed,” said Coal India Ltd (CIL) Director Business Development Debasish Nanda.
DRHP is a preliminary document that a company files with markets regulator Sebi for a public offer.
Coal India has seven coal-producing subsidiaries and one technical and consultancy company. The company accounts for over 80 per cent of the domestic coal production.
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