Iex buyback record date

According to an exchange filing, IEX will buyback shares worth Rs 98 crore via open market. The stock opened at Rs

The selling pressure dragged the scrip to touch intraday low of Rs IEX Share Buyback News, Expected Price: Previously, the share buyback programme of approximately 60 per cent of the cash bank of Rs 69 crore was announced by the New Delhi headquartered company in through the tender offer route. What price will the buyback of IEX come? Know the complete details from Arman Nahar. IEX buyback news: Check expected share buyback price; Should you buy? NEFT records a high of over 4 crore single-day transactions.

Iex buyback record date

The main activity of the company is to provide an automated platform and infrastructure for carrying out trading in electricity units for the physical delivery of electricity. With over 7, registered participants from 36 States and Union Territories, the exchange enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution. Among its participants are 57 distribution companies, over electricity generators, and over open-access consumers. There is no shareholder entitlement since the buyback will be conducted through open market purchases. All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer. In turn, the broker would place a buyback order on the stock exchange. The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS Transaction Registration Slip to the registrar. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increases, effectively making them more valuable. Indian Energy Exchange share buyback opens on 11 January and closes on 15 March

In what ratio is the Indian Energy Exchange Buyback offered?

Providing an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. The exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. Today, more than participants are registered on the exchange and are located across utilities from 29 States, 5 Union Territories UTs. Over 4, registered participants were eligible to trade electricity contracts and over 4, registered participants were eligible to trade RECs, as of March Out of participants registered to trade electricity contacts include 54 distribution companies, over electricity generators, and over 4, open access consumers.

IEX is India's premier energy marketplace, an automated trading platform for the physical delivery of electricity, renewables, and certificates. On Friday, IEX shares closed on a flat note. In its regulatory filing, IEX said, " a meeting of the Board of Directors of the Company is scheduled to be held on Friday, November 25, , inter-alia, to consider a proposal for buyback of fully paid-up equity shares of the Company. In general terms, buybacks are a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than the market price. When the company buys back, the number of shares outstanding in the market reduces. As per the BSE website, among the many advantages of buybacks are to improve earnings per share; improve return on capital, return on net worth, and enhance the long-term shareholder value; provide an additional exit route to shareholders when shares are undervalued or are thinly traded; enhance consolidation of stake in a company; return surplus cash to shareholders; achieve optimum capital structure; and to support share price during periods of sluggish market conditions, among others. This year, IEX shares have corrected massively. Earlier, on November 4, IEX in its monthly performance update, said that going forward, "further correction in prices due to improvement in coal availability and reduction in demand due to onset of winters, will provide opportunity for cost optimization by Discoms and Open Access consumers, resulting in increased volumes on the Exchange.

Iex buyback record date

According to an exchange filing, IEX will buyback shares worth Rs 98 crore via open market. The stock opened at Rs The selling pressure dragged the scrip to touch intraday low of Rs Zee Business panellist and market expert Sandeep Jain said that although the Return on Equity is good and the company fundamentals are good, the view on the stock is cautious.

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Motilal Oswal. You must be logged in to post a comment. So Effective EPS post-split would be 4. Open Account. What is the offer price for Indian Energy Exchange Buyback offer? Found I had missed processing some file. Open Instant Account Now! Public Announcement. All Rights Reserved. By Popular Stock Brokers. Forgot your password? Edited By: Abhinav Ranjan. Then on [

Providing an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products.

Is that a bug on feature? Which type of buyback is IEX buyback offer? How to know the percentage of 97 crore already spent on buyback? Save my name, email, and website in this browser for the next time I comment. NEFT records a high of over 4 crore single-day transactions. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares. Since the shares in circulation are reduced by these operations, the fair value of the remaining shares increases, effectively making them more valuable. Zee Business panellist and market expert Sandeep Jain said that although the Return on Equity is good and the company fundamentals are good, the view on the stock is cautious. What is the record date for Indian Energy Exchange Buyback offer? What is the necessity for Indian Energy Exchange Buyback? What price will the buyback of IEX come? Enquire Now. Weather Update: Fresh snowfall in parts of Kashmir. Vote Here Open Account.