State-owned power giant NTPC on Monday said its board will on November 2 consider a proposal to buy back the company’s equity shares. Last week, markets regulator Sebi granted exemption to NTPC from certain buyback norms for the proposed merger of its wholly-owned subsidiaries with the parent company.
In October, NTPC had filed an application with the Securities and Exchange Board of India (Sebi) to seek exemption from the strict enforcement of the buyback norms. The board in its meeting on November 2 will consider proposal for buyback of equity shares of the company, NTPC said in a BSE filing.
