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...
Russian news agencies reported multiple casualties after a shooting incident at a concert venue near Moscow on Friday.
Here's what is known about the shooting so far:
Unidentified gunmen opened fire at the Crocus City Hall in Krasnogorsk near Moscow on Friday evening during a concert of the band "Picnic", TASS reported.
Preliminary information suggested machine guns were used in the shooting, TASS reported.
Eyewitnesses told Russian agencies there were many injured and dead.
Video posted online by Russian news agencies showed billowing clouds of smoke and flames rising from the venue building. TASS reported that people remain inside the building, which is almost completely engulfed in flames.
Special units of Russia's national guard as well as police and firefighters are on the scene, TASS said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
from NDTV News- Special https://ift.tt/eIbdskP
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