2 Coal India arms to buyback shares worth ₹2k cr
Two subsidiaries of state-owned Coal India, Mahanadi Coalfields and Northern Coalfields, have announced they will buy back shares worth around ₹1,978 crore. This comes after the government had earlier approved the buyback of shares by PSU firms. Buyback refers to a company purchasing its own stock from the shareholders to reduce the number of shares in the market.