Coal India’s Mahanadi Coalfields appoints bankers for ₹10,000 crore IPO | Company Business News

•Mahanadi Coalfields Ltd has appointed 5 merchant bankers for its proposed ₹10,000 crore IPO.

•The issue will comprise only an offer for sale (OFS) with Coal India selling a part of its stake in the company.

•The appointments were approved a few days back with SBI as the lead, and discussions around valuations are underway.