Indian Energy Exchange (IEX) will seek shareholders’ approval through postal ballot to buyback shares worth up to Rs 98 crore.
The board of directors in its meeting on November 25 has approved the cash offer for buyback of equity shares of face value of Rs 1 each at a maximum price of Rs 200 per share for an aggregate amount up to Rs 98 crore.
The IEX has listed a special resolution — approval for the buyback of equity shares in the postal ballot notice, showed a BSE filing.
The e-voting will commence on Thursday, December 1, 2022 at 09:00 AM (IST) and will end on Friday, December 30, 2022 at 05:00 PM (IST).
