Coal India Limited (CIL) has granted in-principle approval for the disinvestment of up to 25% of its equity shares in South Eastern Coalfields Limited (SECL) through an Offer for Sale (OFS). Additionally, SECL will issue fresh equity shares amounting to up to 10% of the post-issue paid-up equity share capital. This move will be executed in one or more tranches via an Initial Public Offer (IPO) or other permissible market routes in the domestic market, adhering to the SEBI (ICDR) Regulations, 2018, and the Securities Contracts (Regulation) Rules, 1957.
The decision was made during a board meeting held on 23 March 2026, following a previous circular resolution dated 23 December 2025, which initially approved the listing of SECL. The approval will be communicated to the Ministry of Coal for further submission to the Department of Investment and Public Asset Management (DIPAM).
The proposed listing and disinvestment are contingent upon receiving necessary regulatory approvals and completing required formalities.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).