Coal India's two subsidiaries Mahanadi Coalfields and Northern Coalfields will buyback total shares worth around Rs 1,978 crore from their shareholders. The share buyback will be at a price of Rs 23,171.89 per equity shares payable in cash. The company's board has approved buyback at a price of Rs 23,610.04 per equity shares payable in cash. The buyback will be at a price of Rs 23,171.89 per equity shares payable in cash, the filing said. The buyback represents 22.62% of the total number of equity shares in the paid-up share capital of the NGL.

Source: dna June 13, 2016 03:56 UTC