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 |
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
- The Buyback is open to all Eligible Shareholders holding Equity Shares either in physical and/or in dematerialized form on the Record Date.
- 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?
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.
