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Bharat Coking Coal Lists on BSE, NSE; Parent Coal India's Stake Drops to 90%

Bharat Coking Coal Ltd (BCCL) debuts on BSE, NSE. Coal India sells 46.57 cr shares via IPO at ₹23 each, reducing its stake from 100% to 90%.
Bharat Coking Coal Lists on BSE, NSE; Parent Coal India's Stake Drops to 90%

Mumbai: Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), made its debut on the stock exchanges today following its Initial Public Offering (IPO).

In a regulatory filing, CIL informed that BCCL has been successfully listed on both the BSE and the National Stock Exchange (NSE), effective January 19, 2026.

IPO Details & Stake Dilution

  • The IPO comprised an Offer for Sale (OFS) of 46.57 crore equity shares by the parent company, Coal India.

  • The shares were sold at an issue price of ₹23 per share.

  • As a result of the share sale, Coal India's stake in its subsidiary has been reduced from 100% to 90%. This translates to a reduction in holding from 465.70 crore shares to 419.13 crore shares.

 

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Change in Subsidiary Status

Consequent to the IPO and listing, Bharat Coking Coal has ceased to be a wholly-owned subsidiary of Coal India. However, it continues to remain a subsidiary, as CIL retains a controlling 90% stake.

The divestment is part of the government's broader strategic disinvestment and asset monetization roadmap, aimed at unlocking value in state-owned enterprises and deepening the capital markets.

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