Indian Power Alternate: Indian Power Alternate board approves Rs 98 crore percentage buyback plan

(IEX) on Friday stated its board authorized a percentage buyback be offering price Rs 98 crore. The verdict in this subject used to be made at a gathering of the board of administrators hung on Friday, the regulator stated in a remark.

“The Board of Administrators has authorized the repurchase of the totally paid stocks of the corporate with a par worth of one Re every corporate at a value no longer exceeding Rs 200 consistent with strange percentage and no longer exceeding Rs 98 crores, payable in money during the open marketplace,” IEX. stated.

The utmost selection of stocks that shall be repurchased below the buyback plan is 49 lakhs, the document stated.

IEX is India’s main power market offering a national automatic buying and selling platform for the bodily provide of electrical energy, renewables and certificate.

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