As per the resolution passed by the Board of Directores of NHPC Limited held on 24th October 2013 the company has announced buyback offer of not exceeding 123,00,74,277 fully paid equity shares of face value Rs.10 each from the existing shareholders through the Tender Offer process.. The price of buy back is Rs.19.25 per share. The total buyback amount stands at Rs.26,62,416 lakh representing 8.89% of company's paid up equity share capital and free reserves. The maximum number of equiaty shares proposed to be bought back represents 10% of the total number of shares in the paid up equity capital of the company.
The major shareholder, the Government of India which holds 86.36 percent of the equity shares has already expressed its intention to tender 123,00,74.277 shares in the buy back process.
The company has 12,30,074 lakh as paid up capital and 14,32,342 lakh as free reserves. The company cannot exceed 10% of paid up capital and free reserve for buy back.
The company has fixed 8th November 2013 as the record date for the purpose of determining the shareholders eligible to participate in the buyback offer.
Further details can be got from Compliance officer for the offer Mr. Vijay Gupta at companysecretary@nhpc.nic.in or
Investor service centre of Karvy at murali@karvy.com
Tuesday, October 29, 2013
Muhurat Trading 2013
Muhurat Trading on occassion of Diwali will be conducted by BSE and NSE on 3rd November 2013 at 6.15 pm to 7.30 pm.
Sunday, October 6, 2013
Denso India Delisting
Denso India which manufactures automobile components and spares for both two and four wheelers is getting delisted from the bourses on successful delisting offer. The company had tendered for 73,98,019 equity shares representing 26.54% of paid-up equity capital. The tender was made through Reverse Book building process from Sep17, 2013 to Sep 23, 2013.
In response the company was offered 54,51,604 shares at Discovered price of Rs.136. The company must had received offers for minimum of 46,10,055 shares to make the delisting process successful as per Regulation 17 of Delisting Regulation. As company received more offers the Delisting was successful. The company has fixed Exit price at Rs.145 per share to buy all the shares tendered. The company will be acquiring 19.55% of the paid-up capital through this offer and getting Delisted from the bourses.
The unsuccessful bidders and those who have not tendered the shares will be able to offer their equity shares to the company at the Exit price during a period of 12 months from the date of delisting of the shares on the bourses.
In response the company was offered 54,51,604 shares at Discovered price of Rs.136. The company must had received offers for minimum of 46,10,055 shares to make the delisting process successful as per Regulation 17 of Delisting Regulation. As company received more offers the Delisting was successful. The company has fixed Exit price at Rs.145 per share to buy all the shares tendered. The company will be acquiring 19.55% of the paid-up capital through this offer and getting Delisted from the bourses.
The unsuccessful bidders and those who have not tendered the shares will be able to offer their equity shares to the company at the Exit price during a period of 12 months from the date of delisting of the shares on the bourses.
Subscribe to:
Posts (Atom)