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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...

Kohli's Flicked 6 Off KKR's Rs 24.75 Crore Buy Viral. Gavaskar Says This

Virat Kohli was at his best for Royal Challengers Bengaluru against Kolkata Knight Riders in an IPL 2024 match on Friday. Continuing his good show in the IPL 2024, Kohli yet again scored a half-century. While wickets kept falling at the other end, Kohli kept his cool to craft his innings with precision. However, the one shot that got everybody talking was his flick off KKR's Rs 24.75 crore buy Mitchell Starc in  the third over that resulted in a six. 

Sunil Gavaskar (part of the English commentary) and Ravi Kishan (part of the Bhojpuri commentary panel) could not keep calm after the shot. 

"What a shot. Look at that bottom hand," Sunil Gavaskar said.

Talking about the game, Kolkata Knight Riders skipper Shreyas Iyer won the toss and opted to bowl against Royal Challengers Bengaluru at the M Chinnaswamy Stadium on Friday in the ongoing Indian Premier League (IPL) 2024.

RCB registered their first win of the season following their four-wicket triumph over Punjab Kings in their second game of the campaign. While KKR also clinched their first win of the season in their second game of the season. They edged past Sunrisers Hyderabad with a 4-run win in a nail-biting thriller. Both teams will be looking to keep the winning momentum in their favour.

KKR skipper Shreyas Iyer said after winning the toss, "We are going to bowl first. HAd a brief chat with the curator, she was like the ball will spin as well. (Morale) It is fantastic, everyone is in high spirits. We have to carry forward the same momentum. It is important to be in the present. My role is to play an anchor role. It's always good to have a lethal bowling line-up. It is important to stay in the present. We have to see to it that we capitalize on the start. The bowling - Anukul comes in. I am seriously confused. There are two teams given to me."

RCB captain Faf du Plessis said during the time of the toss, "The same (would have bowled first). It's a fresh wicket, looks a good wicket, you have to see how it plays in the first innings. It's important to close games early in the season. All the great crickets adapt, it's important to assess the conditions. We love the support and atmosphere. Same team."

Kolkata Knight Riders (Playing XI): Philip Salt(w), Venkatesh Iyer, Shreyas Iyer(c), Ramandeep Singh, Rinku Singh, Andre Russell, Sunil Narine, Mitchell Starc, Anukul Roy, Harshit Rana, Varun Chakaravarthy

Royal Challengers Bengaluru (Playing XI): Virat Kohli, Faf du Plessis(c), Cameron Green, Rajat Patidar, Glenn Maxwell, Anuj Rawat(w), Dinesh Karthik, Alzarri Joseph, Mayank Dagar, Mohammed Siraj, Yash Dayal.

With ANI inputs



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