Iex buyback record date

The selling pressure dragged the scrip to touch intraday low of Rs

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. He said that the buyback plan will definitely lend support and added that the company should have announced the buyback programme via tender route. According to an exchange filing by the company, IEX will buyback 49,00, equity shares at a price not exceeding Rs apiece. Meanwhile, IEX has also received an approval for the formation of a wholly-owned subsidiary company in India.

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 Save my name, email, and website in this browser for the next time I comment.

Open Instant Account. Individual day report available at NSE. Total amount spent on buyback is 73,59,99,

The company is the premier energy marketplace, providing a nationwide automated trading platform for the physical delivery of electricity, renewables, and certificates. The Exchange has had ISO Certifications for quality management, Information security management and environmental management since August and is approved and regulated by the Central Electricity Regulatory Commission and has been operating since 27 June Public Announcement. Phone : , Email : einward. The Indian Energy Exchange Buyback has announced a buyback for an aggregate amount of not more than Rs. Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

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.

Iex buyback record date

According to a BSE filing, the IEX has listed a special resolution -- approval for the buyback of equity shares in the postal ballot notice. The buyback is being undertaken after taking into account the operational and strategic cash requirements of the company in medium term and for returning surplus funds to the members in an effective and efficient manner, it explained. Milestone Alert! Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed — it's all here, just a click away! Login Now! Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

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Indian Energy Exchange Buyback Manager. Vote Here Which type of buyback is IEX buyback offer? The Indian Energy Exchange Buyback offers an opportunity for the shareholders to exit their positions at a premium price. Multiple landslides block Srinagar-Jammu national highway. Out of participants registered to trade electricity contacts include 54 distribution companies, over electricity generators, and over 4, open access consumers. Buyback News. India's National Highways Infra to debut private bond placement by April, sources say. Total amount spent on buyback is 73,59,99, Kotak Securities Trade Free Plan. Indian Energy Exchange buyback is an open market offer. 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.

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.

Market guru Anil Singhvi selects 2 index, 1 multi asset and 1 sectoral mutual fund; know his picks. Know the complete details from Arman Nahar. Unlimited Monthly Trading Plans. IEX buyback news: Check expected share buyback price; Should you buy? Indian Energy Exchange Buyback Reviews. 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. Multiple landslides block Srinagar-Jammu national highway. This buyback is just an eyewash. The stock has yielded a negative return of 23 per cent in the past 6 months. What is IEX buyback record date? What is the schedule of activities for Indian Energy Exchange Buyback? There is no shareholder entitlement since the buyback will be conducted through open market purchases. Live Data.