{"id":10403,"date":"2021-12-21T21:10:53","date_gmt":"2021-12-21T15:40:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-moil-buyback\/"},"modified":"2021-12-21T21:10:53","modified_gmt":"2021-12-21T15:40:53","slug":"biz-moil-buyback","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-moil-buyback\/","title":{"rendered":"MOIL shareholders approve buyback of over 3.38 cr shares"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1696337188\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Dec 21 (PTI) Shareholders of MOIL have approved the proposal to buy back over 3.38 crore equity shares, the company said on Tuesday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-755610367\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> In a filing to the BSE, MOIL said the Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as record date for determining the entitlement and the names of the eligible shareholders\/beneficial owners for the offer. \u00a0 \u00a0  \t \u00a0&#8220;&#8230;Committee constituted by the Board&#8230;conferred by this resolution consent of the members be and is hereby accorded for the buy-back by the company of its fully paid-up equity shares of face value of Rs 10\/- each not exceeding 3,38,42,668 equity share&#8230;at a price of Rs 205 per equity share payable in cash for an aggregate consideration not exceeding Rs 693,77,46,940 (Buy-back Offer Size),&#8221; it said.<\/p>\n<p> The board of directors of the company on November 10, 2021 had unanimously approved a proposal for the buy-back of equity shares not exceeding 3,38,42,668 at face value of Rs 10 each representing 14.26 per cent of the total number of equity shares in the paid-up share capital of the company, MOIL said.<\/p>\n<p> The proposal was subject to the approval of the shareholders, it said.<\/p><div class=\"trade-content_5\" id=\"trade-735795932\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> The shareholders of the company have approved the buyback by special resolution through postal ballot process on Monday, the miner said.<\/p>\n<p> MOIL, under the Ministry of Steel, is country&#8217;s largest manganese ore mining company contributing about 40 per cent to the total production of the miner in the country. PTI ABI  MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-417318192\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Dec 21 (PTI) Shareholders of MOIL have approved the proposal to buy back over 3.38 crore equity shares, the company said on Tuesday. In a filing to the BSE, MOIL said the Buyback Committee of the Board of Directors of the company has fixed Friday, December 31, 2021, as record date for determining [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-10403","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MOIL shareholders approve buyback of over 3.38 cr shares - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-moil-buyback\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MOIL shareholders approve buyback of over 3.38 cr shares\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Dec 21 (PTI) Shareholders of MOIL have approved the proposal to buy back over 3.38 crore equity shares, the company said on Tuesday. 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