AM approval for listing of MCL

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COALINDIA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹462.40

prior close

₹462.00

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%-0.0% vs market

Oil Gas & Consumable Fuels peers, median of 39sector · sector level-0.5%+0.3% vs sector

On the reaction day the stock moved in line with Nifty 100 and 0.3 pts more than its Oil Gas & Consumable Fuels peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.2-0.2-0.0-0.5+0.3

Next day

-1.4-0.2-1.2+0.5-1.8

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-1.3+0.4-1.7+0.7-1.9

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+0.3+1.6-1.4+2.1-1.8

15d

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UpDownMarket · Nifty 100Sector · Oil Gas & Consumable Fuels peers, median of 39Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The government has approved Coal India's proposal to list its subsidiary Mahanadi Coalfields Limited (MCL) on the stock exchange. The approval from the Alternative Mechanism (AM) allows CIL to sell up to 25% of its stake in MCL through an Offer for Sale (OFS) mechanism, while MCL can also raise fresh capital through equity issuance as part of the IPO. The disinvestment and capital raising can happen together or in separate tranches, subject to market conditions and regulatory approvals. This marks a significant step toward bringing MCL to the public markets.

Likely market impact

Coal India shareholders may benefit from unlocking value in its subsidiary through this partial stake sale, though the actual impact on CIL's stock will depend on the final offer price and market reception for the MCL listing.