Comments
The buyback offer from NLC India (formerly Neyveli Lignite Corp) to its shareholders opens on Monday and closes on March 20. The PSU major plans to buy back 14.91 crore shares. The floor price is fixed at ₹99 a share. It had fixed February 10 as the record date for determining the eligible shareholders to participate in the buyback.
The shares will be sold through the tender offer route. Analysts will monitor investor interest in the offer.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.