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    Shyam Sunder
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    This document provides details of a proposed buyback of equity shares by Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India Limited. The key details are: 1) MCL proposes to buyback 24,35,000 equity shares of Rs. 10 each at a price of Rs. 357.96 per share aggregating to Rs. 87 crore from its members on a proportionate basis through the tender offer process. 2) The shares proposed for buyback represent 24.28% of the paid up equity share capital of MCL. 3) Post buyback, Coal India Limited will continue to hold 100% of the paid up equity share capital of

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    This document provides details of a proposed buyback of equity shares by Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India Limited. The key details are: 1) MCL proposes to buyback 24,35,000 equity shares of Rs. 10 each at a price of Rs. 357.96 per share aggregating to Rs. 87 crore from its members on a proportionate basis through the tender offer process. 2) The shares proposed for buyback represent 24.28% of the paid up equity share capital of MCL. 3) Post buyback, Coal India Limited will continue to hold 100% of the paid up equity share capital of

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views2 pages

    Updates (Company Update)

    Uploaded by

    Shyam Sunder
    This document provides details of a proposed buyback of equity shares by Mahanadi Coalfields Limited (MCL), a wholly owned subsidiary of Coal India Limited. The key details are: 1) MCL proposes to buyback 24,35,000 equity shares of Rs. 10 each at a price of Rs. 357.96 per share aggregating to Rs. 87 crore from its members on a proportionate basis through the tender offer process. 2) The shares proposed for buyback represent 24.28% of the paid up equity share capital of MCL. 3) Post buyback, Coal India Limited will continue to hold 100% of the paid up equity share capital of

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

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    Bonbay Stook Exchanse Limited'

    sub: outome of the soad Meting ol our whollv osnd subsldiary' ntmelv' Mahanadi

    R.l: Regulation 30(s) ot the s.cu riti6 and Er.h.nee Boad of India (L&ting Obliga ons and
    DisdosuERequnemnt!) Resul.tions,2015
    Ref: ScriD Code s332t8'

    li rudhscn.e lo our ea.lier intimation dated t'i Maich 2017 rcsardins the buvback
    timned { Mct'r' Pled$ b"

    once per lhare of the pr.posed buvbacl Accordinslv, purcuant to Regulation 30(9)
    of lhe
    ;tuiiGs md Ex.hdse soad or India (Lktins oblls.tion5 and Disclosu Requnenentl
    Reculations,2ol5i as anended {"tkti.g Resulation{)' we set out belot rhe rcquisit dekis or
    rhe pmpo*d buyba.ktobe undefrakenbvMcL:

    N!mber ol 5.u'iti6.rcposed t'or buvba.r:


    uCr p'opo.", tot"t l*t rltrnrtu v o.id.quw$d'.<o'ace r'dlF ofRs 10CO/ cxF
    (Rupees rhou*nd only) @n*5796 02 per lhae assrcsaring ro Rs-16
    ihe menbeG of McL on a propddionate basislhroqhtenderottur'

    Nrnherolse.uitl6pmosedforbuvback.saoekenraeeoferisrinsoaiduD'atitar:
    oushi back bv McL repre.enr 242

    The equity rhares a. prooosed to be bousht back bv Mct at a pi.e ol Rs 35796 02 per

    \rF-"
    achrar c.uriri6 in.lEllr4oiqgqEga-sEd8i
    PreFnt lsued, sub* bed and paid'up share epital
    ta.. value of R5 1000/- 4.h (Rupees lhousand onrvl

    lhe qulty shares pdpdd lo be bowht bt.k are 24J35 * of the prcsenl paid_op share

    ., tE & lort shaEholdlnr pem of McLl

    sin.e McL h a whollrdned rlbsid larv ol coa l India U mited, borh pe a'd post buvbt'k
    by Mct, coal India fmlied shall hold 10096 of the paid up .quilY share epltal

    Thc infohalioi h prcvided in complhnce with itlhrlon 30 of Uttlng Regulationt

    Yours faititullY,

    \A'\*-<
    '" ro\>Nl
    (M.viswdadan/(rF.fr {h.fi .rd)
    company sftDry/qedr {r!q
    & Conpliaic. Ofii*r/FtEirFilr 3fiftg{

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