SECL is Coal India’s subsidiary. The move will help the govt in realising its disinvestment target of Rs 56,500 Cr for the fiscal. The SECL buyback will represent 23.53% of the total number of equity shares in the paid-up share capital of the subsidiary for an aggregate amount not exceeding Rs 1,200.19 crore being up to 25% of the paid-up equity share capital and free reserves.

South Eastern Coalfields to buy back shares worth more than Rs 1,200 Cr

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