Coal India’s board has approved divesting up to 25% of its stake in South Eastern Coalfields Ltd (SECL) via Offer for Sale, alongside a fresh issuance of up to 10% equity through an IPO or other market routes. This move, along with a similar divestment in Mahanadi Coalfields Limited, aims to raise capital and explore overseas opportunities in critical minerals.
ICICI Bank closes in on HDFC Bank for Nifty’s top spot as share trends diverge
As ICICI Bank approaches HDFC Bank’s Nifty index dominance, the dynamics of the market are changing. HDFC Bank’s index weight has dropped considerably this year,