NTPC BuyBack 2020, Buyback Price With Record Date and Other Details

Here we have discussed about NTPC share buyback. Power giant NTPC board on Monday approved the buyback of 197.8 million equity shares for Rs 2,275.74 crore. "The board of directors of the company in a meeting held on November 2, 2020 has inter-alia approved... buyback of the fully paid up equity shares of the company of face value of Rs 10 each," NTPC said in a BSE filing.

The board approved the proposal to buy back 19,78,91,146 fully paid-up equity shares at a price of Rs 115 per unit for an aggregate consideration not exceeding Rs 2,275.75 crore, the filing said.

The company has fixed November 13, 2020 as the record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares.

The Company proposes to buyback a maximum of 19,78,91,146 Equity Shares of face value of INR 10 (Rupees Ten Only) each of the Company.



NTPC BuyBack 2020 Offer Deal:


Buyback Type: Tender offer
Buyback Record Date: Nov 13 2020
Buyback Offer Amount: ₹ 2275.74 Crore
Date of Board Meeting approving the proposal: Nov 02 2020
Date of Public Announcement: Nov 02 2020
Buyback Offer Size: 2.19%
Buyback Number of Shares: 19,78,91,146
Price Type: Tender Offer
FV: 10
Buyback Price: ₹ 115 Per Equity Share

NTPC Buyback of 19,78,91,146 equity shares which is around 2.19of all the existing number of equity shares at a price of ₹115 per equity share. The buyback offer not exceeding of ₹2275.74 crore of total buyback offer size.

Note: If anything you want to know about the buyback offer you can refer the NTPC buyback offer documents.

About NTPC Company

1. The total installed capacity of the NTPC is 62,910 MW (including JVs) own stations include 24 coal based, 7 gas based, 1 Hydro 1 Wind 11 Solar and 1 Small hydro plant. Under JV, NTPC has 9 coal based, 4 gas based and 12 renewable energy projects. The capacity will have a diversified fuel mix and by 2032, non fossil fuel based generation capacity shall make up nearly 30% of NTPC’s portfolio. NTPC has been operating its plants at high efficiency levels. As on 31.03.2019 the company had 15.5% of the total national capacity and, it contributes 22.3% of total power generation due to its focus on high efficiency.

2. NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 2 Independent Power Producer(IPP) in Platts Top 250 Global Energy Company rankings.

3. NTPC has comprehensive Rehabilitation & Resettlement and CSR policies well integrated with its core business of setting up power projects and generating electricity. The company is committed to generating reliable power at competitive prices in a sustainable manner by optimising the use of multiple energy sources with innovative eco-friendly technologies thereby NTPC is contributing to the economic development of the nation and upliftment of the society.


PROCESS AND METHODOLOGY FOR NTPC BUYBACK

  1. The Buyback is open to all Eligible Shareholders holding Equity Shares either in physical and/or in dematerialized form on the Record Date.
  2. The Buyback shall be implemented using the “Mechanism for acquisition of shares throughStockExchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting” notified vide the SEBI Circulars and following the procedure prescribed in the Companies Act and the Buyback Regulations, and as may be determined by the Board (including the “authorised persons” approved by the Board and authorized to complete the formalities of the Buyback) and on such terms and conditions as may be permitted by law from time to time.

How to Participate in NTPC Buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of NTPC in demat or physical form as on record date.
2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.
 

3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account. 

NTPC Buyback 2020 FAQs:


When is NTPC Buyback Record Date?
NTPC buyback 2020 record date is 13 November 2020

When is NTPC Buyback announcement Date?
NTPC buyback 2020 announcement date is 02 Nov 2020


What is NTPC Buyback Price?
The company has fixed the price at ₹115

How to apply for NTPC Buyback 2020?
As per the record date you need to have NTPC shares in your demat account. You can participate in buyback after having the stock in your account.

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