Sensex Remains Rangebound Ahead Of Fed Meet Outcome

Three subsidiaries of the government-run Coal India have slashed their valuation by nearly 75 percent over values declared earlier this month.
According to a news report in the Economic Times, valuations declared earlier did not reflect the true numbers of the subsidiaries.

A Coal India executive said that earlier valuations were based on a calculation employed for valuing international companies and therefore weren't valid for India peers.

The three subsidiaries include Northern Coalfield, Mahanadi Coalfields and South Eastern Coalfields.

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