Coal India Limited has informed the Exchange about General Updates-Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( Listing Regulations ) Initial public offering ( IPO ) of equity shares of face value ₹ 2 each ( Equity Shares ) of Central Mine Planning & Design Institute Limited, a subsidiary of Coal India Limited ( Company )
COALINDIA · price
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Central Mine Planning & Design Institute Limited (CMPDI), a subsidiary of Coal India, has listed on BSE and NSE on March 30, 2026 following its IPO. The IPO was an Offer for Sale (OFS) by Coal India, which sold 107,100,000 equity shares at ₹172 per share. As a result, Coal India's stake in CMPDI dropped from 100% to 85% (from 714 million shares to 606.9 million shares). CMPDI has ceased to be a wholly-owned subsidiary of Coal India but continues to remain a subsidiary.
Coal India has successfully monetised a portion of its stake in CMPDI through the listing, raising liquidity for the parent. The reduced holding to 85% is still a controlling stake, so strategic control remains intact. This unlocks value for Coal India shareholders and may bring in valuation re-rating for the CMPDI stake.