Coal India's subsidiary approves' shares buy back worth Rs 1244 crore
"Since NCL is a wholly-owned subsidiary of Coal India Limited, both pre and post buyback by NCL, Coal India shall hold 100% of the paid-up equity share papital," said Coal India in a BSE filing.
NCL proposed to repurchase 76,356 equity shares from the members of NCL on a proportionate basis through tender offer. Photo: Reuters