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...
- Mr Jindal was also a Congress MP. He represented Kurukshetra constituency in the Lok Sabha from 2004 to 2014 as a Congress MP. This time, he said he wants to contribute to Prime Minister Narendra Modi's agenda of 'Viksit Bharat'.
- Mr Jindal had lost from Kurukshetra in 2014. He said the country has progressed under PM Modi's leadership in the past 10 years, and many historic steps such as the scrapping of Article 370 under the Constitution have been taken.
- The dream of having a Ram temple in Ayodhya has also been realised, Mr Jindal said. The BJP has said Mr Jindal's presence in the party will help the government's agenda of boosting the country's economy and prosperity.
- Sita Soren is the sister-in-law of former Jharkhand Chief Minister Hemant Soren. She will contest from Dumka (Scheduled Tribes) constituency. She joined the BJP on March 20, citing "isolation" and "neglect" by the JMM since her husband Durga Soren's death in 2009.
- Sita Soren was first elected MLA from Jama in 2009. She then became the JMM's national general secretary. She won the Jharkhand assembly election from Jama again in 2014 and 2019.
from NDTV News- Special https://ift.tt/3O59Nxq
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