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of <h1>Coal India pursuing subsidiary IPOs to unlock value; CMPDI 10% offer expected by March 2026, two listings targeted 2026-27</h1> BCCL's IPO was fully subscribed, prompting Coal India to pursue further subsidiary listings as a means of unlocking value pursuant to government direction, with the operative effect that Coal India will assess market conditions and valuations before proceeding to list additional subsidiaries. CMPDI has filed a draft red herring prospectus with SEBI for an offer for sale of up to 7.14 crore equity shares (10% stake), with the operative effect that this divestment is expected to complete by March 2026. The Coal India board has granted in-principle approval to list Mahanadi Coalfields Ltd and South Eastern Coalfields Ltd, with the operative effect that their listings are targeted in FY 2026-27.
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