Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake

May 15, 2026

The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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