CIL files for mega IPO on Sept. 25

Sep 22, 2010 |

Correspondent

State-run Coal India is likely to file the red herring prospectus for its initial public issue, through which the government is expecting to raise about `15,000 crore, on Sept-ember 25. Capital market regulator, Sebi on Monday cleared the draft papers of Coal India Ltd’s IPO, paving the way for the government-run coal giant to file red herring prospectus, sources said. The
regulator has asked the coal major to file the final papers (RHP) with a few more details. Sources said CIL board is likely to take up the red herring prospectus on September 25. “The meeting was earlier scheduled on September 22, but will take a few more days to collate data asked by Sebi to be filed in the RHP,” they added.

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