The Economic Times

Coal India board approves up to 35% divestment in SECL via OFS and up to 25% in Mahanadi Coalfields

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.