Coal India is up about 4% today at ₹417.85.
The trigger: it filed draft IPO papers with SEBI for a 10% stake sale in Mahanadi Coalfields, its largest subsidiary and 28.4% of Coal India's own production, alongside August coal supplies up 5.5% YoY.
The whole issue is an offer for sale by the parent, so MCL itself raises nothing. We decoded what that structure actually means:
→ Full breakdown: https://marketchacha.com/post/8ack9v
This article is for educational and informational purposes only. It is not financial advice, investment recommendation, or a solicitation to buy or sell securities. Investing involves significant risks. I am not a SEBI-registered investment advisor. Readers should consult their own financial advisor and conduct their own research before making any investment decisions.
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