Curious Case of Coal India

Coal India will be using funds from subsidiary IPOs to fund it’s 16000 Cr Capex.

I’m guessing dividend payout will likely shrink as Coal India is divesting parts of its subsidiary companies however it can be value accretive in the long run as market value of subsidiaries expand.

Neutral in the short term, positive for long term.

Disc: no holdings, tracking

1 Like