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...
Saudi Arabia will participate in the Miss Universe pageant for the first time, making it a historic event for the Islamic country.
Rumy Alqahtani, a beauty pageant veteran and an influencer on Monday announced this news on her Instagram handle that she will be representing the kingdom in one of the most popular pageants in the world.
She shared glamourous pictures of herself. In the picture, model can be seen wearing a strapless sequined gown.
Along with the photos, she wrote, "I am honoured to participate in the Miss Universe 2024 competition. This is the first participation of Saudi Arabia in the Miss Universe competition," she wrote in Arabic on Instagram.
According to the Khaleej Times, born in Riyadh, Alqahtani is no stranger to the spotlight. She has joined numerous global pageants, with the latest one being Miss and Mrs Global Asian in Malaysia a few weeks ago.
Last year, Miss Nicaragua Sheynnis Palacios was crowned Miss Universe 2023.
For the first time, a contestant from Nicaragua became the winner of the contest while Antonia Porsild from Thailand and Moraya Wilson from Australia secured the second and third positions respectively.
The organizers of the event had announced last year that the next edition will be held in Mexico.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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