Coal India Limited has filed a Red Herring Prospectus (RHP) for its subsidiary, Central Mine Planning and Design Institute Limited (CMPDIL), with SEBI, BSE, and NSE.
The filing, dated 12th March 2026, marks a significant step towards the proposed initial public offering (IPO) of CMPDIL. The IPO will involve an offer for sale of up to 107,100,000 equity shares by Coal India Limited. This move is part of Coal India’s broader strategy to unlock value from its subsidiaries. The IPO remains subject to various conditions, including receipt of applicable approvals and prevailing market conditions. The disclosure of the RHP filing is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, ensuring the dissemination of material information to stakeholders.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).