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| Exchange Disseminated Time 14/06/2016 16:31:26 | | Coal India Ltd has informed BSE that the Board of Directors of South Eastern Coalfields Limited ("SECL"), its subsidiary, at its meeting held on June 14, 2016 has considered and approved the buyback of 846359 fully paid equity shares of face value of Rs. 1000/- each (Rupees Thousand only) from the members of the Company on a proportionate basis through tender offer (representing 23.53% of the total number of equity shares in the paid-up share capital of the Company) for an aggregate amount not exceeding Rs.1200.19 crores ("Maximum Buyback Size") being upto 25% of the paid-up equity share capital and free reserves as on financial year ended March 31, 2016, at a price of Rs. 14,180.57 per equity share payable in cash. |
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