Coal India moving closer to record-breaking Indian IPO
Coal India has announced details of its forthcoming IPO — and it looks set to be India’s biggest ever. The company will sell up to 631.7 million shares at a price range that will be announced by October 14, and bankers in India expect the top of the range to be around Rp260 a share. That would equate to Rp164.2bn ($3.65bn).
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