South Eastern Coalfields Ltd., a unit of state-run Coal India Ltd., has hired banks for an initial public offering in Mumbai that could raise as much as $800 million, according to people familiar with the matter. The coal producer has appointed ICICI Securities Ltd., SBI Capital Markets Ltd., Motilal Oswal Investment Advisors Pvt. and IDBI Capital Markets & Securities Ltd. to advise on the share sale, the people said, asking not to be identified because the information is private. South Eastern Coalfields aims to file a draft prospectus as early as December, the people said. Parent Coal India is expected to sell shares in the proposed offering, they added. Discussions are ongoing and details including the size and timing of the offering could change, the people said. Representatives for Coal India, South Eastern Coalfields and the banks didn't immediately respond to requests for comment. The potential listing would add to Coal India's efforts to take some of its sub...
Rajasthan Chief Minister and Congress leader Ashok Gehlot has dared Home Minister Amit Shah to name the officers of a central agency who the BJP leader alleged had put pressure on him to frame his party colleague and the then Chief Minister Narendra Modi in a fake encounter case. Mr Gehlot said if the Delhi Police can ask Congress leader Rahul Gandhi to give details of women in Jammu and Kashmir who have alleged sexual harassment, the same cops can surely ask Mr Shah to give the names of the officers who wanted him to frame Narendra Modi before he became Prime Minister in 2014. During the Bharat Jodo Yatra, Mr Gandhi had alleged "women were still being sexually assaulted" in the Union Territory. After the yatra ended and 45 days later, a Delhi Police team knocked on Mr Gandhi's doors thrice in five days, which the Congress termed unprecedented harassment. The Congress alleged the cops won't do any such thing if BJP leaders gave controversial comments at public even...