Coal India Limited has informed the Exchange regarding 'In-principle approval for disinvestment of South Eastern Coalfields Limited (SECL) through Offer for Sale (OFS) of up to 25% equity by CIL and fresh issue of up to 10% equity shares by SECL'.
COALINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.9 pts less than Nifty 100 and 4.9 pts less 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.
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Coal India's board has approved the disinvestment of up to 25% of its stake in subsidiary South Eastern Coalfields Limited (SECL) through an Offer for Sale (OFS). Additionally, SECL will issue fresh equity shares of up to 10% of its post-issue paid-up capital, in one or more tranches, via an IPO or other permissible market routes. The proposal follows an earlier in-principle approval for SECL's listing given in December 2025. The plan will now be sent to the Ministry of Coal for further submission to DIPAM (Department of Investment and Public Asset Management). The listing remains subject to all necessary regulatory approvals and formalities.
This is a positive development for Coal India shareholders as it signals the government's intent to unlock value in a profitable subsidiary through public listing. It could lead to a potential re-rating of CIL's investment in SECL, though the actual timeline and benefits depend on regulatory clearances and market conditions.