Coal India reduces stake in subsidiary after Rs 172 per share IPO

Business Desk — Mon, 30 Mar 2026 12:04:24 +0000

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).

Coal India subsidiary CMPDIL files prospectus for IPO of up to 107.1 million shares

Kinjal — Wed, 25 Mar 2026 10:48:55 +0000

Coal India Limited has announced that its wholly owned subsidiary, Central Mine Planning & Design Institute Limited (CMPDIL), has filed its prospectus for an initial public offering (IPO) with the Registrar of Companies, Jharkhand. The filing was completed on 25 March 2026.

The IPO will consist of an offer for sale of up to 107,100,000 equity shares, each with a face value of ₹2. This development follows the filing of the Red Herring Prospectus (RHP) by CMPDIL on 12 March 2026. The move is part of the company’s strategy to disseminate material information and comply with regulatory requirements under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CMPDIL’s IPO is a significant step for Coal India Limited as it seeks to leverage its subsidiary’s potential in the market. The filing of the prospectus marks a crucial milestone in the IPO process, which aims to attract investors and facilitate the sale of shares.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Central Mine Planning & Design Institute | Business Upturn

Coal India reduces stake in subsidiary after Rs 172 per share IPO

Coal India subsidiary CMPDIL files prospectus for IPO of up to 107.1 million shares