New Delhi (27.05.2022): Coal India Ltd has decided to divest 25 per cent stake in its unlisted arm Bharat Coking Coal Ltd (BCCL). CIL Board had given in principle approval to the proposal. Only after the further clearance from GOL, further action would be initiated, as mentioned in BSE Filling.CIL Board in its 438th meeting held on March 10, 2022 had accorded its "in-principle' approval to divest 25 per cent of paid-up share capital of BCCL held by CIL and its subsequent listing on stock exchanges and advised to forward the proposal to the Ministry of Coal for obtaining further clearances."
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CIL to divest 25 per cent stake in BCCL
By IndianMandarins - 2022-05-27 11:27:00
New Delhi (27.05.2022): Coal India Ltd has decided to divest 25 per cent stake in its unlisted arm Bharat Coking Coal Ltd (BCCL). CIL Board had given in principle approval to the proposal. Only after the further clearance from GOL, further action would be initiated, as mentioned in BSE Filling.
CIL Board in its 438th meeting held on March 10, 2022 had accorded its "in-principle' approval to divest 25 per cent of paid-up share capital of BCCL held by CIL and its subsequent listing on stock exchanges and advised to forward the proposal to the Ministry of Coal for obtaining further clearances."
