Coal India arm BCCL needs to fill vacant posts of independent directors expeditiously to fast-track listing

The vacant post of six independent directors on the board of Coal India arm BCCL needs to be filled up expeditiously for speedy completion of the listing process of the subsidiary, sources said.

Bharat Coking Coal Ltd (BCCL), a wholly-owned subsidiary of Coal India Ltd (CIL), had in May filed its draft red herring prospectus (DRHP) with capital market regulator SEBI, as well as BSE and NSE, for its proposed initial public offering.