India: HSBC, ICICI Securities, SBI Cap, 5 others bid for Coal India's $3.2b stake sale mandate

India: HSBC, ICICI Securities, SBI Cap, 5 others bid for Coal India's $3.2b stake sale mandate

Surface coal mining Credit: Wikimedia Commons

Eight investment banks including HSBC and India‘s ICICI Securities and SBI Capital have submitted bids to manage a 10-percent stake divestment in state-owned Coal India, IFR reported, citing a person close to the deal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter