Coal India Gets In-Principle Approval for South Eastern Coalfields Limited Divestment
Kolkata – Coal India Limited (CIL) announced on March 23, 2026, that its Board has granted in-principle approval for the divestment of South Eastern Coalfields Limited (SECL). The plan involves an Offer for Sale (OFS) of up to 25% of the equity shares held by CIL in SECL. Simultaneously, SECL will issue fresh equity shares aggregating up to 10% of its post-issue paid-up equity share capital.The divestment strategy will be executed through an Initial Public Offer (IPO) and/or other permissible market routes within the domestic market, adhering to the SEBI (ICDR) Regulations, 2018, and the Securities Contracts (Regulation) Rules, 1957.
Previously, on December 23, 2025, the CIL Board had already provided in-principle approval for the listing of SECL. The latest decision will be communicated to the Ministry of Coal (MoC) for submission to DIPAM.
The proposed listing of SECL is contingent upon obtaining the necessary regulatory approvals and completing related formalities. CIL's stock traded under the Scrip Code 533278 on the Bombay Stock Exchange and under ISIN INE522F01014 on the National Stock Exchange of India.
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