The date of the buyback plan are yet to be finalised.
Coal India is planning to discuss share buyback proposal, according to reports.
Report says that the Coal India had a meeting with the government and a buyback proposal is likely to be placed.
Report says that the buyback size could be at least 5% of the paid-up capital.
Coal India Ltd ended at Rs. 308.95, up by Rs. 2.55 or 0.83% from its previous closing of Rs. 306.4 on the BSE.
The scrip opened at Rs. 309 and touched a high and low of Rs. 312 and Rs. 308 respectively. A total of 9037007(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 195143.94 crore.
The BSE group 'A' stock of face value Rs. 10 touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 272.05 on 12-Apr-2016. Last one week high and low of the scrip stood at Rs. 312 and Rs. 287.9 respectively.
The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.14 % and 3.21 % respectively.
The stock traded above its 200 DMA.
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