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IPO Watch: Coal India Arms Bccl Files Draft Papers with Sebi for iPo

IPO Watch: State-Owned Coal India Arm Bharat Coking Coal Ltd (BCCL) Has Filed Its Draft Red Herring Prospectus (DRHP) with the Capital Market Regulator, Securities and Exchange Board of Indian (Sebi), for an initial public offering (IPO).

BCCL, founded with the goal of extracting and providing Premium Coking Coal, is Crucial for the Country’s Steel Industry, Unique Depends Significant On the Company for Idi Production and manufacturing activities.

This announsment follows the recent submission of draft documents to sebi by Coal Central Mine Planning & Design Institute Ltd (CMPDIL), A Subsidary of Coal India, For Its Initial Public Offering, Report Offering, Reports.

Coal India Contributes to more than 80% of the Coal Production in the Country.

IPO Details

The issue will consist Solely of an offer for Sale, as Bccl will not be is Isuing any new shares. Coal India Ltd Intends to Divest Up to 46.5 Crore Shares.

The draft Red Herring Prospectus … of Bharat Coking Coal Ltd has been submitted to sebi, bse, and nse, “cil mentioned in a statement to bse. The drhp is an initial document Public offering.

This Drhp Filing Relates to the Antixipated Initial Public Offering (IPO) of BCCL, which includes an offer for sale of as as many as 465,700,000,,700,000 equity shares by coal India Limited, Pending of Necessary Approvals, Market Conditions, and other pertinent factors, the company stated.

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