Indian Energy Exchange (IEX) has got shareholders’ approval through postal ballot to buy back shares worth up to Rs 980 million.
The company’s board of directors in its meeting 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 980 million. The indicative maximum number of equity shares at the buyback price would be 4,900,000.