Coal India nod to CMPDIL 10% divestment, listing proposal likely
The coal ministry, in a letter dated September 23, asked the miner to seek approval from its board for divestment of 10 per cent of paid-up capital in CMPDIL and subsequently listing on the bourses to tap the unlocked value of the subsidiary.
The next board meeting of Coal India Ltd is likely to be held this month but the date is yet to be finalised. Source: PTI