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Coal India Unit SECL Said To Hire Banks For $800 Million IPO

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...

Watch: Tamannah Bhatia, Arijit Singh Light Up IPL 2023 Opening Ceremony

Star singer Arijit Singh and well-known actress Tamannah Bhatia thrilled fans with their performances at the Indian Premier League (IPL) 2023 opening ceremony at the Narendra Modi Stadium in Ahmedabad on Friday. The crowd was left spellbound as Arijit performed blockbusters like "Ae Wataan" from the film "Raazi", "Lehda Do" from the movie "83" and "Kesariya" from "Brahmastra". Tamannah also joined the show with a thrilling performance on songs like "Tum Tum" and "Oo Antava" from "Pushpa: The Rise". Rashmika Mandanna was the other star attraction of the event.

Defending champions Gujarat Titans will take on four-time winners Chennai Super Kings in the opening match of IPL 2023. The match will be a battle between two generations of Indian cricket. At one side will be CSK skipper MS Dhoni, who took Indian cricket to new heights of success in the late 2000s to early 2010s by clinching the inaugural ICC T20 World Cup (2007), ICC Cricket World Cup (2011) and ICC Champions Trophy (2013) and became the only skipper to win three major titles.

Dhoni replicated this success in IPL, leading the team to the title on four occasions. On the other side is GT skipper Hardik Pandya, who was pushed into superstardom after leading GT to the title in their debut season. Pandya has also led India to some wins at the international level in the shorter format and is making a case for himself as a future white-ball skipper.

Hardik Pandya-led Gujarat Titans will be facing a huge weight of expectations after clinching the title in their debut season. To prove that their title win was not a fluke, they would have to start this season well against the four-time champions Chennai Super Kings.

Gujarat Titans squad: Abhinav Manohar, Shubman Gill, Kane Williamson, Hardik Pandya(c), Rahul Tewatia, Matthew Wade(w), Rashid Khan, Shivam Mavi, Alzarri Joseph, Mohammed Shami, Yash Dayal, Srikar Bharat, Wriddhiman Saha, Sai Sudharsan, Urvil Patel, Vijay Shankar, Ravisrinivasan Sai Kishore, Odean Smith, Jayant Yadav, Joshua Little, Darshan Nalkande, Noor Ahmad, Mohit Sharma and Pradeep Sangwan.

Chennai Super Kings squad: Devon Conway, Ruturaj Gaikwad, Ambati Rayudu, Moeen Ali, Ben Stokes, Shivam Dube, Ravindra Jadeja, MS Dhoni(w/c), Dwaine Pretorius, Deepak Chahar, Simarjeet Singh, Ajinkya Rahane, Subhranshu Senapati, Shaik Rasheed, Nishant Sindhu, Mitchell Santner, Bhagath Varma, Tushar Deshpande, Rajvardhan Hangargekar, Ajay Jadav Mandal, Prashant Solanki and Akash Singh.

(With ANI inputs)



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