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Coal India Ltd.
BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
423.15
4.00 (0.95%) Coal India to convert redeemable preference shares held in BCCL into equity
Date: 20-03-2020Coal India has received approval from its Board of Director for converting Rs 2,539 crore-worth redeemable preference shares held in its subsidiary Bharat Coking Coal (BCCL) into equity shares. Pursuant to the conversion, the company would get a total dividend of Rs 888.65 crore over a two-year period.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.
Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.