May 17, 2026
Headlines

Divestment

Indian Government Approves Mahanadi Coalfields IPO to Bolster Divestment Strategy

Indian Government Approves Mahanadi Coalfields IPO to Bolster Divestment Strategy

Business News Desk03 mins mins

Government Greenlights Mahanadi Coalfields Listing The Indian government has officially approved the initial public offering (IPO) of Mahanadi Coalfields Ltd (MCL), a subsidiary of state-owned mining giant Coal India Ltd. This strategic move, finalized this week in New Delhi, authorizes Coal India to divest up to 25% of its stake in the subsidiary to unlock…

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Mahindra & Mahindra Divests Final Stake in CIE Automotive to Refocus Portfolio

Mahindra & Mahindra Divests Final Stake in CIE Automotive to Refocus Portfolio

Business News Desk03 mins mins

Strategic Divestment Signals New Era for Mahindra Mahindra & Mahindra (M&M) has officially exited its partnership with CIE Automotive, completing the sale of its remaining 3.58% equity stake for approximately €126 million. This transaction, executed through open market operations, marks the culmination of a multi-year divestment strategy aimed at streamlining the Indian conglomerate’s vast investment…

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