Coal India Buyback 2019
(i) Coal India Limited (CIL) state-owned coal mining corporation came into being in November 1975 With its normal production of 79 million tonnes (MT) in the year of its establishment.
(ii) Coal India Limited is today the world’s largest coal producers. CIL is a top body spreading through 8 mining areas, 7 fully owned coal producer subsidiaries and 1 mining scheme and consulting company spread across 8 provincial states of India.
(iii) CIL manages 200 other establishments such as workshops, hospitals. In addition, there are 26 technical and management training institutes and 102 vocational training institutes. Indian Institute of Coal Management (IICM), a state-of-the-art management training as ‘Excellent Center’ – is run by India’s largest corporate training institute – CIL and conducts multi-disciplinary management development programs.
(iv) CIL is a Maharatna Company – the privilege of the Government of India for the expansion of state-owned enterprises and emerging as a global giant. It is one of the few selective concepts in the category of central public enterprises in the country.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Feb 15 2019|
|Buyback Offer Amount:||₹ 1050|
|Date of Board Meeting approving the proposal:||Feb 04 2019|
|Date of Public Announcement:||Feb 04 2019|
|Buyback Number of Shares:||44680850|
|Buyback Price:||₹ 235 Per Equity Share|
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,88,936||1,88,936||1,88,936||1,88,936|
|No. of Shares buyback||280||425||638||851|