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Coal India set to earn over ₹600 crore from Bharat Coking Coal IPO stake sale
Coal India is expected to earn around ₹605 crore by selling a 10% stake in Bharat Coking Coal in its upcoming IPO, reflecting a strong return.
Coal India Ltd is poised to gain more than ₹600 crore by divesting a 10% stake in its subsidiary Bharat Coking Coal Ltd (BCCL) through the upcoming initial public offering. The IPO, fully structured as an offer for sale, does not channel any proceeds to BCCL itself, instead, the entire amount flows to Coal India. With the price band fixed at ₹21–₹23 per share and an acquisition cost of about ₹10 per share, Coal India’s net gain after costs is estimated near ₹605 crore, representing roughly 130 % return on its initial investment.