New Delhi: The Indian Energy Exchange (IEX) said on Friday that its board has approved a proposal to buyback shares worth Rs 98 crore. A decision in this regard was taken at its board meeting held on Friday, according to a regulatory filing. The maximum of shares to be bought back under the buyback plan is 49 lakhs, it said.
"The board has approved the buyback of fully paid-up equity shares having a face value of Re 1 each of the company at a price not exceeding Rs 200 per equity share and not exceeding Rs 98 crore payable in cash via open market route," IEX said.
IEX is India's premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates.
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