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Coal India's two mining subsidiaries decide to buy back shares

Discussion in 'Stock Market Discussions' started by capitalstars05, Jun 13, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    Coal India's two mining subsidiaries have decided to buy back their shares from their parent to close of 25% of their respective equity capital.
    CIL is set to get about Rs1, 977 crore by giving back shares. Given the buyback plans of other cash rich PSU, market is likely to read this step as precursor to CIL's buyback in coming future –Positive.

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