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Govt clears MCL IPO; Coal India may dilute up to 25% stake

Posted on May 15, 2026
By Financial Express
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1 min read

Govt clears MCL IPO; Coal India may dilute up to 25% stake

The Alternative Mechanism panel has approved the listing of Coal India’s subsidiary, Mahanadi Coalfields Limited (MCL), through an IPO. The move allows for up to a 25% stake dilution via an offer for sale and fresh equity issuance to fund expansion amid rising energy demands.