Indian Energy Exchange (IEX) has got shareholders' approval to buy back shares worth up to Rs 98 crore. The proposal to buy back shares worth up to Rs 98 crore is approved by requisite majority through postal ballot. The board of directors in its meeting held on November 25, 2022, had approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore.
IEX is India’s premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy and certificates including renewable energy certificates as well as the energy saving certificates.
