Red Herring Prospectus

Coal India's subsidiary CMPDIL has submitted its Red Herring Prospectus to SEBI, BSE, and NSE for a planned IPO of up to 107.1 million equity shares. The offering is an offer for sale, with no funds going to CMPDIL, aimed at enhancing investor engagement.

The Bombay High Court on Wednesday reserved its order on WeWork IPO after addressing concerns regarding disclosure and regulatory oversight. The petition was filed to challenge the adequacy of the information in the DRHP filed by the company.