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Coal India gets nod for buyback of up to 4.47 crore shares

05 Feb 2019 Evaluate

Coal India has received an approval for buyback of up to 4.47 crore shares totalling to Rs 1,050 crore at Rs 235 per share. This is the second buyback by the company in two years.

The Board of Directors of the Company at its meeting held on February 04, 2019, approved the same.

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.

Peers
Company Name CMP
Coal India 386.85
NMDC 67.43
Ashapura Minechem 418.30
Sandur Manganese 163.00
GMDC 425.30
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