NTPC board okays share buyback worth Rs 2,275.75 crore
State-owned power giant NTPC board on Monday approved the buy back of 19.78 crore 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.
