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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 424.35
NMDC 76.79
Ashapura Minechem 504.25
Sandur Manganese 182.25
GMDC 507.75
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