IEX gains 4% as board to consider buyback proposal

The company’s board of directors will meet on December 20 to consider a share buyback proposal.

Dec 14, 2018 05:12 IST India Infoline News Service

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Shares of Indian Energy Exchange (IEX) were trading 4% higher on Friday after the company, in a filing to the exchanges, informed that its board will consider a share buyback proposal at its board meet on December 20.

"The meeting of the board of directors of the company will be held on, Thursday, December 20, to consider a proposal for the buyback of fully paid-up equity shares of the company," IEX said in a statement to the exchanges after the market hours on Thursday.

Indian Energy Exchange (IEX) share price is currently at Rs163.60, up Rs6.95, or 4.44%, from its previous close of Rs156.65 on the BSE.

The scrip opened at Rs163 and has touched a high and low of Rs171 and Rs160.60, respectively. So far, 51,163 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs4,750.98cr.

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