Coal India Limited announced the outcome of the Initial Public Offering (IPO) for its subsidiary, Central Mine Planning & Design Institute Limited (CMPDIL). Following the public sale, Coal India’s shareholding has been diluted from 100% to 85%. CMPDIL successfully sold 107,100,000 Equity Shares at an offer price of ₹172.00 per share and commenced trading on March 30, 2026, thereby ceasing to be a wholly-owned subsidiary.
Completion of Subsidiary IPO and Listing
Coal India Limited has disclosed details regarding the successful Initial Public Offering (IPO) of its subsidiary, Central Mine Planning & Design Institute Limited (CMPDIL). In alignment with previous disclosures made on March 13, 2026, and March 25, 2026, the IPO involved the sale of 107,100,000 Equity Shares of CMPDIL.
These shares were offered for sale by the Company (Coal India) at a determined offer price of ₹172.00 per share. The listing of CMPDIL became effective on both the BSE Limited and the National Stock Exchange of India Limited on March 30, 2026.
Change in Shareholding Structure
The completion of the IPO has resulted in a material reduction in Coal India’s stake in CMPDIL. The parent company’s shareholding has been reduced from the previous 100% stake down to 85%.
Specifically, the total number of Equity Shares held by Coal India has decreased from 714,000,000 Equity Shares to 606,900,000 Equity Shares of the issued and paid-up share capital of CMPDIL.
Subsidiary Status Update
Consequently, Central Mine Planning & Design Institute Limited ceases to be a wholly-owned subsidiary of Coal India Limited. However, the announcement clarifies that CMPDIL continues to remain a subsidiary of the Company following the partial divestment.
This disclosure serves to disseminate material information regarding the change in the capital structure of the subsidiary in compliance with regulatory mandates.
Source: BSE
