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HomeMarketStocksIEX board to consider buyback proposal on November 25

IEX board to consider buyback proposal on November 25


(IEX) introduced that its board will think about a buyback proposal on November 25.

In a BSE submitting, IEX mentioned, “we want to inform you {that a} assembly of the board of administrators of the corporate is scheduled to be held on Friday, November 25, 2022, inter-alia, to contemplate a proposal for buyback of totally paid-up fairness shares of the corporate.”

On Friday, IEX shares closed 0.50% decrease at Rs 138.40 per share. Nevertheless, the inventory has fallen 29% within the final six months, whereas it has plunged about 46% year-to-date.

For the quarter that ended September 30, 2022, IEX reported consolidated income of Rs 113.8 crore, up 0.3% from the primary quarter of FY23. The corporate reported 3% QoQ progress in internet revenue at Rs 71.2 crore for the most recent quarter.

Indian Vitality Alternate is India’s premier vitality market, an automatic buying and selling platform for the bodily supply of electrical energy, renewables and certificates.



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