Coal India’s arm Bharat Coking Coal, Aequs get SEBI nod to float IPOs

Coal India arm Bharat Coking Coal Ltd (BCCL) and Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, have secured SEBI’s approval to launch their Initial Public offerings (IPO), an update with the markets regulator showed on Monday. BCCL approached SEBI with its draft papers in June, while Aequs filed through the confidential pre-filing route in the same month, seeking to raise around $200 million.