Coal India files OFS for 66.81 crore shares as SECL lodges IPO papers
State-owned miner Coal India plans to offload shares via an offered-for-sale route while its subsidiary SECL initiates an initial public offering.
State-owned miner Coal India plans to offload shares via an offered-for-sale route while its subsidiary SECL initiates an initial public offering. Published 2026-11-08 by Falling Shares.
| By Falling Shares Intelligence, edited by Wung Thomas, Editor-in-Chief
Written by Falling Shares Intelligence, our automated newsroom, from the public sources listed below and live market data. Every figure is checked against that material before publication, but the story has not been reviewed by a human editor. Check the linked sources before relying on it, and report errors to info@fallingshares.com.
Coal India announced plans to sell 66.81 crore shares through an offered-for-sale (OFS) mechanism. The move coincides with the filing of initial public offering papers by its subsidiary, South Eastern Coalfields Limited (SECL), with the Securities and Exchange Board of India (SEBI).
Coal India to divest shares
Coal India stated it intends to sell 66.81 crore shares through an offered-for-sale transaction. The company outlined the specific volume of equity it plans to divest as part of its broader capital management strategy.
The offering represents a significant block of shares available to the market. The company has not yet disclosed the exact timing or price band for the sale in the provided reports.
SECL starts IPO process
Simultaneously, South Eastern Coalfields Limited (SECL) has filed its initial public offering documents with the Securities and Exchange Board of India (SEBI). This filing marks the formal start of the regulatory review process for the subsidiary's entry into the public markets.
The IPO filing indicates SECL's move toward raising capital directly from public investors. This development adds another layer of activity to the Coal India group's recent corporate actions.