IEX board approves Rs 98 crore share buyback plan

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.

IEX trade volume dips over 11% to 23.1 bn units in Jul-Sept

IEX board approves buyback of fully paid-up equity shares

"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.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)