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...
A 26-year-old British tourist died after he was reportedly hit by lightning while paddleboarding in Greece, as per Guardian. The unnamed man was in the sea during a thunderstorm in Agia Agathi, Rhodes, as his girlfriend filmed him from the beach, according to local media.
Greek newspaper Rodiaki reported that lightning struck the water near the man shortly before 1.30 pm local time on Tuesday, causing him to fall into the water injured.
Soon after the incident, emergency services dashed to the scene, and the man was taken to the shore. Rescuers frantically tried to save his life, following which medics took him to a local hospital before he was declared dead.
Though the Port Authority of Rhodes confirmed the man's age and that he was a British national, they gave no further information.
An investigation is now underway into the incident.
A spokesperson said, ''This is an active case so we cannot give more details at the moment.''
The Foreign and Commonwealth Office said, 'We are supporting the family of a British man who has died in Rhodes and is in contact with local authorities.''
Last year, one man died and another was injured after lightning struck Mount Falakro in northern Greece.
Recently, a similar incident was witnessed in the US, when a 34-year-old man died and his young son was seriously injured after they were struck by lightning while walking from a bus stop in Texas.
from NDTV News- Special https://ift.tt/WjY0Jdi
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