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The board of NLC India, formerly Neyveli Lignite Corporation, will meet on Tuesday to consider a buyback proposal. Last year (in March), the company had bought back 14.91 crore shares worth ₹1,476.50 crore at ₹99 a share through tender route. Shareholders would be keen to know the size and the price of the proposed buyback issue, if the board gives nod. Besides, mode of buyback - tender or through open market purchase, will also be watched.
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