Coal India Files RHP for BCCL IPO with SEBI

New Delhi:  Coal India Limited (CIL) has officially filed the Red Herring Prospectus (RHP) of its wholly owned subsidiary Bharat Coking Coal Limited (BCCL) with the Securities and Exchange Board of India (SEBI), along with stock exchanges BSE and NSE.

The filing relates to BCCL’s proposed Initial Public Offering (IPO), which will consist of an Offer for Sale of up to 465.70 million equity shares by Coal India Limited. The IPO process will move forward subject to regulatory approvals, prevailing market conditions and other relevant factors.

Coal India confirmed that the disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring timely communication of material information to investors and the market.

This development marks a significant step in Coal India’s capital market strategy and is expected to strengthen value unlocking for its subsidiary BCCL.