Coal India

Coal India’s record $3.5bn share sale might be in great demand – it was subscribed more than 15 times the offering – but accounting errors that emerged in its IPO prospectus on Friday are a reminder that the state-run group has poor corporate governance standards. Read more

Coal India’s bankers won’t have much trouble getting the IPO away with the $3.5bn offer subscribed nearly 12 times over. Read more

On the first day of Coal India’s much awaited $3.5bn share sale, which is set to be the country’s biggest IPO ever, the state-owned miner attracted $1.2bn of bids on Monday: a decent start for an offer that will close on Wednesday for institutional investors, and a day later for retail buyers. Read more