Coal India is set to unlock significant shareholder value with the upcoming listings of its major subsidiaries, BCCL, SECL, and MCL. Industry experts view this as a positive move, with MCL particularly noted for its operational efficiency. While holding company discounts are anticipated, the extent will depend on dilution levels and remaining subsidiaries.
South Korea overtakes India as world’s sixth-largest stock market
South Korea’s stock market has now surpassed India’s, becoming the world’s sixth largest. This significant shift is largely due to the booming performance of its