Iex buyback record date

The selling pressure dragged the scrip to touch intraday low of Rs IEX Share Buyback News, iex buyback record date, Expected Price: Previously, the share buyback programme of approximately 60 per cent of the cash bank of Rs 69 crore was announced by the New Delhi headquartered company in through the tender offer route. What price will the buyback of IEX come?

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.

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. Sign in.

FASTAG kyc update deadline extended news login last date rechage online balance check icici sbi axis bank fastag. The stock has yielded a negative return of 23 per cent in the past 6 months. January 11, - March 15,

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.

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. The exchange platform increases the accessibility and transparency of the power market in India and enhances the speed and efficiency of trade execution. Today, more than participants are registered on the exchange and are located across utilities from 29 States, 5 Union Territories UTs. Over 4, registered participants were eligible to trade electricity contracts and over 4, registered participants were eligible to trade RECs, as of March Out of participants registered to trade electricity contacts include 54 distribution companies, over electricity generators, and over 4, open access consumers. As of March in addition to participants who traded electricity contracts, participants registered to trade RECs included over 1, renewable energy generators and over 3, industry and corporate customers. The benefiting open access consumers belong to various industries such as metal, food processing, textile, cement, ceramic, chemicals, automobiles, information technology industries, institutional, housing, and real estate and commercial entities. Surprised to get the credit so early.

Iex buyback record date

IEX buyback was announced on November 18, The IEX buyback open date is January 11, IEX buyback record date is not fixed as it is an Open Market buyback offer. The investor should buy the IEX shares before the record date to get eligibility for the buyback.

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Password recovery. In what ratio is the Indian Energy Exchange Buyback offered? What is the schedule of activities for Indian Energy Exchange Buyback? Markets to focus on global trends; may face volatility amid derivatives expiry: Analysts. Zerodha Stock Broker. Save my name, email, and website in this browser for the next time I comment. The selling pressure dragged the scrip to touch intraday low of Rs IEX Share Buyback News, Expected Price: Previously, the share buyback programme of approximately 60 per cent of the cash bank of Rs 69 crore was announced by the New Delhi headquartered company in through the tender offer route. How to participate in Indian Energy Exchange Buyback? The selling pressure dragged the scrip to touch intraday low of Rs Individual share capital upto Rs. Indian Energy Exchange Buyback Registrar.

With this purchase, the total number of shares bought back by IEX has gone up to 69,76,

Out of participants registered to trade electricity contacts include 54 distribution companies, over electricity generators, and over 4, open access consumers. The physical shareholder can participate only once the shares get converted into a Dematerialized form. Which type of buyback is IEX buyback offer? IEX buyback record date is Not Applicable. 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 Buyback Registrar. Unlimited Monthly Trading Plans. The broker will place a sell order whenever the company places a buy order for the buyback. Edited By: Abhinav Ranjan. Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. Must Reads.