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...
Afghanistan vs Pakistan, 2nd T20I Live Updates: Rahmanullah Gurbaz has kept one-down Afghanistan solid in the chase of 131 against Pakistan in the second T20I in Sharjah. Earlier, top knocks from Imad Wasim and Shadab Khan guided Pakistan to 130 for 6 in 20 overs. Opting to bat, Pakistan faced an early blow after Fazalhaq Farooqi dismissed Saim Ayub for a duck on the second ball of the innings. He then trapped Abdullah Shafique LBW on the very next delivery to take Afghanistan to a dream start. Pakistan kept on losing wickets at regular intervals but imad Wasim's 64 not out off 57 and Shadab's 32 off 25 took them to respectable total. (LIVE SCORECARD)
Pakistan (Playing XI): Saim Ayub, Mohammad Haris, Abdullah Shafique, Tayyab Tahir, Azam Khan(w), Shadab Khan(c), Mohammad Nawaz, Imad Wasim, Naseem Shah, Zaman Khan, Ihsanullah
Afghanistan (Playing XI): Rahmanullah Gurbaz(w), Ibrahim Zadran, Usman Ghani, Najibullah Zadran, Mohammad Nabi, Karim Janat, Azmatullah Omarzai, Rashid Khan(c), Mujeeb Ur Rahman, Fazalhaq Farooqi, Naveen-ul-Haq
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