Indian Energy Exchange board approves Rs 98 crore share buyback plan

Updated: Nov 25 2022 6:06PM

New Delhi, Nov 25 (PTI) The Indian Energy Exchange (IEX) on Friday said its board has approved a proposal to buyback shares worth Rs 98 crore.

A decision in this regard was taken at its board meeting held on Friday, according to a regulatory filing.

"The board has approved the buyback of fully paid up equity shares having a face value of Re 1 each of the company at a price not exceeding Rs 200 per equity share and not exceeding Rs 98 crore payable in cash via open market route," IEX said.