Coal India Limited Divests Shares in Subsidiary, Central Mine Planning & Design Institute Limited
Coal India Limited announced the successful initial public offering (IPO) of equity shares of its subsidiary, Central Mine Planning & Design Institute Limited, on March 30, 2026. The IPO involved the sale of 107,100,000 equity shares at a price of ₹172.00 per share.Central Mine Planning & Design Institute Limited is now listed on the Bombay Stock Exchange Limited and National Stock Exchange of India Limited, effective March 30, 2026.
As a result of the share sale, Coal India Limited’s ownership in Central Mine Planning & Design Institute Limited has decreased from 100% to 85%, representing a reduction from 714,000,000 equity shares to 606,900,000 equity shares. Consequently, Central Mine Planning & Design Institute Limited is no longer a wholly-owned subsidiary of Coal India Limited, although it remains a subsidiary.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.