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Coal India’s arm to buyback shares worth Rs 1244 crore

27 Feb 2017 Evaluate

Northern Coalfields (NCL), a subsidiary of Coal India has received its board’s approval for buyback of shares.  The company has proposed to repurchase 76,356 equity shares from their shareholders on a proportionate basis through tender offer. The shares proposed accounts for 4.30% of total paid up capital of NCL. The equity shares will be bought back by NCL at a price of Rs 162,937 per share, at a face value of Rs 1000 each for an aggregate amount not exceeding up to Rs 1244 crore.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.

Coal India Share Price

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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