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
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