BusinessPhoto: Mint MarketsSouth Eastern Coalfields Files IPO Papers to Raise $800 Million
South Eastern Coalfields Ltd (SECL), a subsidiary of Coal India Ltd, has filed preliminary papers with SEBI for an initial public offering (IPO). The IPO will be an offer for sale of up to 66.81 crore shares by Coal India, with no fresh shares issued. The sale could raise up to $800 million, with proceeds going to Coal India. SBI Capital Markets, ICICI Securities, IDBI Capital Markets, and Motilal Oswal are lead managers.
Mint Markets·




