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SEBI exempts Coal India for its share buyback programme

21 Feb 2019 Evaluate

The Securities and Exchange Board of India (SEBI) has exempted Coal India from complying with regulations with regard to its proposed buyback programme for 4.46 crore shares.

The company had filed an application on February 12 with the SEBI seeking exemption from the strict enforcement of the buyback norms.

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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