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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...

"M5 Dhoni": How IPL Franchises Reacted To CSK's Record-Equalling Title Win

Chennai Super Kings clinched their fifth Indian Premier League (IPL) title after defeating Gujarat Titans in a last-ball thriller at the Narendra Modi Stadium in Ahmedabad on Tuesday. Thanks to this victory, they are now tied with Mumbai Indians as the most successful franchise in the history of the competition. It was also the fifth win for MS Dhoni as skipper - a feat that only Rohit Sharma has achieved. The match faced several rain interferences but CSK were able to keep their calm and with 10 runs needed from the final two balls of the match, Ravindra Jadeja stepped up to the occasion and finished it in style.

It was a thrilling end to IPL 2023 which saw the most number of 200+ scores by the sides and a surprising number of high-score chases. In the aftermath of CSK's victory, all franchises took to Twitter to congratulate the winners and hail the brilliance of MS Dhoni for securing another title for his side.

Dhoni also dropped a major update regarding his potential retirement at the post-match presentation.

"If you circumstantially if you see it's the best time to announce the retirement. The easy thing for me to say is thank you and retire. But the hard thing to do is to work hard for nine months and try to play one more IPL season. The body has to hold up. But with the amount of love I have received from CSK fans, it would be a gift for them to play one more season. The way they have shown their love and emotion, it is something I need to do for them," said Dhoni told Harsha Bhogle during the ceremony.

"It is the last part of my career. It started over here and the full house was chanting my name. It was my same thing in Chennai, but it will be good to come back and play whatever I can. The kind of cricket I play, they feel they can play that cricket. There is nothing orthodox about it and I like to keep it simple."



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