Monday, 6 June 2016

Coal India to discuss share buyback proposal

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.

Coal IndiaThe date of the buyback plan are yet to be finalised. 

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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