Coal India will sell a 10% stake in Mahanadi Coalfields through an IPO, with up to 661.8 million existing shares offered by the parent.

Chairman B Sairam said both subsidiary IPOs are planned by year-end, with the exact timing dependent on market conditions and government directives.

Coal India will sell a 10% stake in Mahanadi Coalfields through an IPO, with up to 661.8 million existing shares offered by the parent.