A major coal producer is set to sell a portion of its stake. The company's promoter will offload a 10 per cent stake through an initial public offering. This offering consists of a large number of equity shares, with no new shares being issued.

Details of the proposed sale are outlined in a draft document filed with the markets regulator. Further information is available in the document, which provides specifics about the sale and the company's production levels. The sale is expected to involve a significant number of shares.