India: Mahanadi Coalfields approves $242.2m share buyback plan

India: Mahanadi Coalfields approves $242.2m share buyback plan

Coal Bhawan in Kolkata. Photo: Indranil Bhoumik/Mint

The board of Mahanadi Coalfields Ltd has agreed to release Rs1,617.06 crore in cash through a share buyback, almost Rs600 crore more than it had agreed to release in June last year, Coal India Ltd (CIL) said on Wednesday.

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