Coal India Limited has informed the Exchange about Rumour Verification - Regulation 30(11)- Intimation under Regulation 30(11) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015- Market Rumour Verification
COALINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Coal India informed the stock exchanges about a material price movement noticed in its share price on May 20, 2025. The movement came amid media reports about upcoming IPOs of two wholly-owned subsidiaries, CMPDIL and BCCL. The company confirmed that activities related to listing these subsidiaries are indeed in progress — Book Running Lead Managers (BRLMs) have been appointed through a tendering process, and the Draft Red Herring Prospectus (DRHP) is currently under preparation. Coal India added that further updates will be shared once the DRHP is filed as per applicable law, but did not confirm whether the price movement was directly caused by these media reports.
Positive for shareholders — the rumour of subsidiary IPOs is essentially confirmed, signalling potential value unlocking through the listing of CMPDIL and BCCL. This may sustain investor interest in the stock in the near term.