Coal India Limited (CIL) has announced that, following the IPO of its subsidiary, Bharat Coking Coal Limited (BCCL), CIL’s shareholding in BCCL has been reduced from 100% to 90%. This change is effective as of January 19, 2026, when BCCL’s shares were listed on the BSE and National Stock Exchange of India. The IPO involved the sale of 465,700,000 Equity Shares at a price of ₹23 per share.
BCCL Shareholding Adjustment
Following the Initial Public Offering (IPO) of Bharat Coking Coal Limited (BCCL), Coal India Limited’s (CIL) stake in its subsidiary has been adjusted. As of January 19, 2026, CIL’s shareholding has decreased from 100% to 90%.
Details of the IPO
The IPO involved the sale of 465,700,000 Equity Shares of BCCL at an issue price of ₹23 per share. These shares have now been listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited.
Impact on BCCL Status
As a result of the reduced shareholding, Bharat Coking Coal Limited no longer qualifies as a wholly-owned subsidiary of Coal India Limited. However, BCCL continues to operate as a subsidiary of CIL.
Revised Shareholding Structure
The shareholding of CIL in BCCL has reduced from 4,657,000,000 Equity Shares to 4,191,300,000 Equity Shares. This change reflects the updated capital structure following the completion of the IPO process.
Source: BSE
