NTPC announces share buyback worth ₹2,275 cr at ₹115 per share
Electricity generator NTPC on Monday announced share buyback worth ₹2,275 crore of 19.78 crore shares at ₹115 per share. This amounts to a 28% premium.
On Monday, NTPC’s scrip on BSE closed 2% higher at ₹89.55. The buyback of shares is expected to be completed by January 2021.
“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 ₹10 each,” NTPC said in a BSE filing.
