India, Dec. 24 -- Shares of Coal India Ltd. rose to the highest in seven months after decks were cleared for listing of two subsidiaries by FY27.

On Wednesday, Coal India's share price increased for the sixth straight trading session, rising as much as 3.00% to Rs.412.40 apiece on the BSE, even as the benchmark Sensex traded largely flat.

The board of the world's largest coal miner has given in-principal approval for the listing of wholly owned unit South Eastern Coalfields Ltd. and Mahanadi Coalfields Ltd., according to stock exchange filings on Tuesday. The in-principal approval will now be forwarded to the Ministry of Coal, which will then submit the proposal to the Department of Investment and Public Asset Management, or DIPAM. The ...