NEW DELHI: Coal India on Wednesday said its board would meet on Monday, February 4, to consider and approve a share buyback."A board meeting is scheduled on Monday to consider and approve buyback of the fully-paid equity shares of the company having a face value of Rs 10 each," the company said in a BSE filing.
The trading window of the stock will remain closed from January 30 to February 6, 2019, the company said.
On Tuesday, the company had announced that it would raise about Rs 1,065 crore by selling shares to its subsidiaries MCL, SECL and NCL.
The three arms, in separate board meetings, decided to buy back portion of their shares held by Coal India.Shares of Coal India closed 1.21 per cent up at Rs 225.45 on the BSE on Wednesday.