Coal India IPO investors can withdraw their application till Oct, 25th : SEBI

Coal India Ltd (CIL) has been asked by the capital markets regulator Sebi to offer investors an exit option until 25 October after errors were pointed out in its prospectus, the state-run company’s chairman said.

Partha Bhattacharyya said figures were “interchanged” in two places and termed them as “typographical errors”.

Finance director A.K. Sinha said accretion in stock and other income got interchanged in the company’s standalone financial statement printed in the prospectus and it had no impact on the company’s total income and profit figures.

Source : Reuters

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