<ul><li>Coal India plans to offload 10% stake in its wholly-owned subsidiary CMPDIL through an IPO, which will be an offer for sale with no fresh issue.</li><li>The draft red herring prospectus (DRHP) for the proposed IPO of CMPDIL includes an offer for sale of up to 7.14 crore shares by Coal India, subject to approvals and market conditions.</li><li>CMPDIL is crucial for India's energy security, involved in activities like preparing perspective plans, providing consultancy services, exploration, and drilling work for coal reserves.</li><li>By venturing into the lithium industry, CMPDIL aims to enhance India's lithium resources, optimize mining costs, and establish itself as a key player in the global lithium markets.</li></ul>

CMPDIL files draft papers for IPO as Coal India plans to offload 10% stake

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