π° Mahanadi Coalfields IPO drafts filed, big stake up for sale
Mahanadi Coalfields, an arm of Coal India, has officially filed its draft papers for an upcoming Initial Public Offering. The filing indicates that the Offer for Sale (OFS) component will consist of more than 66 crore shares. This move is set to bring the company's shares to the public market for investment. The IPO aims to raise capital for the company's future expansion and operations. Investors will now await regulatory approval before the offering goes live.