Twenty banks in India will make
their pitch this week to be among up to six chosen institutions
for a role in the $2.7 billion initial public offering by
state-run Coal India, the world's largest coal miner.- reuters said.
Coal India IPO likely to hit markets by November 2010- economictimes said.
Twenty financial companies including Goldman Sachs and Morgan Stanley are vying to manage Coal India's initial public offering- said Businessweek.