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...
Chennai Super Kings' (CSK) icon MS Dhoni batted for the first time in the ongoing season of the Indian Premier League (IPL) when he walked out in the middle during the side's IPL 2024 game against Delhi Capitals (DC) in Visakhapatnam. Dhoni didn't get the chance to bat in CSK's first two matches, having demoted himself in the order. The player, however, came out to bat against DC when CSK went 6 down. Dhoni walked out to bat amid raucous reception from the crowd in Vizag and ended up slamming 37 not out off 16 balls, an innings that was laced with 4 fours and 3 sixes. The moment we've all been waiting for #Dhoni #ThalaDharisanam #IPLonJioCinema #TATAIPL #DCvCSK pic.twitter.com/HYlcWz7Tqc — JioCinema (@JioCinema) March 31, 2024 On the very first ball he faced, Dhoni hit Mukesh Kumar for a boundary and never looked back. Though CSK lost the match by 20 runs, Dhoni made sure the crowd got the perfect entertainment through his pyrotechnics. Here is how the f...