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...
Records tumbled left-right and centre as Sunrisers Hyderabad smashed 277 for three, the highest total in IPL history, to leave Mumbai Indians shell shocked on Wednesday. Travis Head (62 off 24) and Abhishek Sharma (63 off 23) came up with a sensational display of power-hitting, that saw the latter snatching the franchise record for fastest fifty from the Australian within minutes. Heinrich Klaasen (80 not out off 34 balls) provided the fireworks in the end to help SRH break an 11-year-old record. The previous highest total in IPL was 263 for five achieved by Royal Challengers Bangalore back in 2013.
It was raining fours and sixes throughout the innings as Head and Sharma toyed with the Mumbai Indians attack.
Head, who was surprisingly left out of the playing eleven for the opening game, reinforced his status as one of the most dangerous batters in the game with a whirlwind effort.
He broke David Warner's record of the fastest fifty by a SRH batter with a 18-ball half-century before Sharma surpassed Head's feat 20 balls later by reaching the milestone in 16 balls.
Head, who was dropped by compatriot Tim David at the start of his innings, opened his front leg and hit boundaries at will, collecting nine fours and three sixes in total.
The southpaw completed his fifty with an inside out four wide of mid-off before dispatching a bouncer from Gerald Coetzee for a six over deep midwicket, prompting opposition skipper Hardik Pandya to acknowledge the Australian's brutal assault.
When Head departed, Sharma went hammer and tongs, mostly targeting the cow corner region for his seven sixes and three boundaries.
It was a nightmarish start to the IPL for the 17-year-old South Africa pacer Kwena Maphaka, who made the Mumbai Indians squad at the back of his exploits in the U-19 World Cup.
He leaked as many as 66 runs in his four overs. The left-arm pacer could not recover from Head's onslaught in his second over in which he conceded 22 runs.
With the majority of the Mumbai bowlers taken to the cleaners, it was surprising that Mumbai Indians skipper Pandya waited till the 13th over to give Jasprit Bumrah his second over.
Following Sharma's dismissal, the in-form Klaasen ensured there was no stopping to the SRH's six hitting spree. Klaasen ended up with seven sixes with the maximum off a Bumrah bouncer standing out.
Klaasen had almost taken SRH over the line with his breathtaking knock against KKR at the Eden Gardens.
Former skipper Aiden Markram chipped in 42 off 28 balls.
However, SunRisers Hyderabad's 277/3 is not the highest score in the shortest format.
Highest team totals in the format (T20I and T20 combined)
1. Nepal 314/3 vs Mongolia, 2023
2. Afghanistan 278/3 vs Ireland, 2019
3. Czech Rep. 278/4 vs Turkey, 2019
4. SunRisers Hyderabad 277/3 vs Mumbai Indians, 2024
5. Punjab 275/6 vs Andhra, 2023
from NDTV News- Special https://ift.tt/BzMdm8P
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