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...
Iran's missile attack on Pakistan is an issue that concerns only those two nations, India said today. The foreign ministry, however, added that New Delhi understands "actions that countries take in their self defense".
"This is a matter between Iran and Pakistan. Insofar as India is concerned, we have an uncompromising of zero tolerance towards terrorism. We understand actions that countries take in their self defense," foreign ministry spokesperson Randhir Jaiswal said.
Yesterday, two bases of Balochi militant group Jaish al Adl in Pakistan were targeted by Iranian missiles. The group had attacked Iranian security forces in the border area with Pakistan.
The attack came a day after Iran's elite Revolutionary Guards hit targets in Iraq and Syria with missiles.
Pakistan said two children were killed in the missile strikes and warned that the incident could have "serious consequences" and was "completely unacceptable".
"A strong protest has already been lodged with the senior official concerned in the Iranian Ministry of Foreign Affairs in Tehran. Additionally, the Iranian charge d'affaires has been called to the Ministry of Foreign Affairs to convey our strongest condemnation of this blatant violation of Pakistan's sovereignty and that the responsibility for the consequences will lie squarely with Iran," Islamabad said in a statement.
from NDTV News- Special https://ift.tt/NWP6fFy
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