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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...

"Social Impact Influencer Of The Year'' Kusha Praised For Her "Grace"

Actor, social influencer and content creator Kusha Kapila received the 'Social Impact Influencer Of The Year' award at the NDTV Indian Of The Year event held in New Delhi on Saturday. She received the award from union minister Smriti Irani. Recalling the impact of Smriti Irani's iconic character Tulsi (Kyunki Saas Bhi Kabhi Bahu Thi) on her family, Kusha said, "In our family 12-15 people used to cry when Tulsi would cry on TV. Our neighbours would ask what happened." Kusha, who is from Delhi, dedicated her award to her parents who allowed her the agencies to achieve her dream. Kusha said, "I started making content at 28 after working for seven years. I feel there's nothing better than being your true self. Social media allows me to be my true self."

However, Kusha received the biggest compliment from Smriti Irani. Smriti Irani, who follows Kusha on Instagram, said that she wins every battle with grace. On the sidelines of the event, Kusha engaged in a fun game with NDTV's Arun Singh. She was asked to give one word answers to the following names. Kusha's replies were like these - Zeenat Aman - classy, Election 2024 - predictable, Ipl -masti, Sunidhi Chauhan - queen. Take a look:Latest and Breaking News on NDTV

Latest and Breaking News on NDTV
Latest and Breaking News on NDTV

Kusha Kapila featured in films like Ghost Stories, Selfiee, Sukhee, Thank You for Coming. She featured in web series like Masaba Masaba, Case Toh Banta Hai, Social Currency, to name a few.

Speaking of NDTV Indian Of The Year, Hon'ble Vice President Jagdeep Dhankhar was present as the Chief Guest, along with other esteemed guests including Union Ministers Hardeep Puri, Ashwini Vaishnaw and Smriti Zubin Irani. The event featured some of the biggest names from entertainment, politics, business, sports and culture. This year the theme of the ceremony was "India - A Transformative Power". The awards have consistently celebrated India's heroes, famous or unsung, acknowledging their extraordinary contribution to society.



from NDTV News- Special https://ift.tt/69IWyrQ

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