FINWIRES · TerminalLIVE
FINWIRES

Coal India to Sell 10% Stake in Mahanadi Coalfields IPO

By

Coal India (NSE:COALINDIA, BOM:533278) is selling a 10% stake in its fully owned unit, Mahanadi Coalfields, through an initial public offering, draft papers filed with the market regulator showed.

Coal India is offering up to 661.8 million shares in the IPO, according to the prospectus dated Aug. 31. Mahanadi Coalfields will not issue new shares and will not receive any proceeds from the offering.

Mahanadi Coalfields, based in Odisha, reported revenue of 305.5 billion rupees and net profit of 107 billion rupees for the year ended March 31, 2026.

Coal India owns 100% of Mahanadi Coalfields.

SBI Capital Markets, Axis Capital, BOB Capital Markets, IDBI Capital Markets & Securities, and IIFL Capital Services are managing the IPO.

Related Articles

Asia

Amlogic (Shanghai) Gets China Regulator Nod for Hong Kong Secondary Offering

Amlogic (Shanghai) (SHA:688099) received approval from the China Securities Regulatory Commission for its secondary share offering on the Hong Kong Stock Exchange, according to a Tuesday filing with the Shanghai bourse.The fabless semiconductor company is approved to issue up to 53.8 million H-shares, according to the filing.

SHA:688099
Asia

MediaTek Secures $3.5 Billion Investment from Nvidia; Shares Jump 10%

Semiconductor giant Nvidia agreed to invest $3.5 billion in Taiwanese chipmaker MediaTek (TPE:2454) through the subscription of convertible bonds, according to a Monday statement.MediaTek shares jumped 10% in Tuesday's trade.The move is aimed at deepening a partnership between Nvidia and MediaTek. Under the expanded agreement, MediaTek will adopt Nvidia's NVLink Fusion platform, designed to help hyperscalers, cloud providers, and AI model developers build custom accelerator chips that connect into Nvidia's rack-scale data center systems.The pact also entails enhancing existing collaboration on Nvidia RTX Spark and DGX Spark chips for consumer and enterprise PCs, as well as AI-powered automotive platforms built around MediaTek's Dimensity Auto line.

TPE:2454
Asia

Mapletree Industrial Trust Says No Certainty on US Data Center Asset Divestment

Mapletree Industrial Trust (SGX:ME8U) clarified that there is no certainty that a transaction will materialize following media reports about a potential divestment of its US data center assets.The trust said it regularly reviews its portfolio to optimize asset performance, unlock value and recycle capital.Mapletree Industrial Trust is pursuing selective divestments in North America under its portfolio rejuvenation efforts, and continues to evaluate opportunities aligned with the strategy.Any material developments will be announced on SGXNET, it said.

SGX:ME8U