The Indian government has approved the listing and disinvestment of Mahanadi Coalfields through an initial public offering. This step enables Coal India to dilute up to 25 percent of its stake in the subsidiary. The subsidiary may also raise fresh capital through multiple routes as part of broader public sector reforms.
The approval marks a significant move in the government's efforts to expand investor participation in state-owned enterprises. Officials confirmed that the disinvestment process will proceed via the IPO route, allowing broader market access to shares in the coal producer.
