Coal India Limited has announced a significant reduction in its stake in its subsidiary, Central Mine Planning & Design Institute Limited, following an initial public offering (IPO). The IPO involved the sale of 107,100,000 equity shares at an offer price of ₹172 per share. These shares were offered for sale by Coal India Limited.
As a result of the IPO, Central Mine Planning & Design Institute Limited has been listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) as of 30th March 2026. This development marks a notable change in the ownership structure of the subsidiary.
Prior to the IPO, Coal India Limited held a 100% stake in Central Mine Planning & Design Institute Limited, equivalent to 714,000,000 equity shares. However, following the sale, the company’s shareholding has decreased to 85%, now holding 606,900,000 equity shares of the issued and paid-up equity share capital of the subsidiary.
Despite this reduction in stake, Central Mine Planning & Design Institute Limited will continue to be a subsidiary of Coal India Limited, although it will no longer be a wholly-owned subsidiary.
This move is part of Coal India Limited’s strategy to disseminate material information and comply with regulatory requirements as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).