Coal India files DRHP to sell 10% stake in SECL via IPO
In short
Coal India has filed a draft prospectus to sell up to 66.81 crore shares in its subsidiary SECL. The IPO is planned as an offer for sale only, with no fresh issue of shares. If it goes ahead, Coal India’s holding would fall to 90%.
This matters because it could bring SECL to market and change Coal India’s stake. The reporting does not state the IPO date, price band, or valuation.
What the reporting says
Coal India has filed a draft prospectus to sell up to 66.81 crore shares in subsidiary SECL through an IPO as an offer for sale. The plan would reduce Coal India’s holding in the subsidiary to 90%, according to the reporting. The source also says Coal India reported ₹4,754.59 crore profit in FY26, but the IPO timing and valuation are not stated.
Why it matters
Coal India has filed a draft prospectus for an IPO of its subsidiary SECL, with plans to sell up to 66.81 crore shares through an offer for sale. The reported structure means no new shares will be issued, and Coal India’s stake would fall to 90%. The reporting also mentions FY26 profit of ₹4,754.59 crore, but does not give the IPO schedule or valuation.