IEX gets shareholders’ nod to buy back shares worth up to Rs 980 million

The Indian Energy Exchange (IEX) has received shareholders’ approval through a postal ballot to buy back shares worth up to Rs 980 million. The company’s board of directors had approved the cash offer for the buyback of equity shares of a face value of Re 1 each at a maximum price of Rs 200 per share, for an aggregate amount up to Rs 980 million. The indicative maximum number of equity shares at the buyback price would be 4,900,000.