{"id":380291,"date":"2020-10-24T08:37:20","date_gmt":"2020-10-24T03:07:20","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=380291"},"modified":"2020-10-24T09:24:21","modified_gmt":"2020-10-24T03:54:21","slug":"market-regulator-clears-the-deck-for-proposed-share-buyback-in-ntpc","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/market-regulator-clears-the-deck-for-proposed-share-buyback-in-ntpc\/","title":{"rendered":"Market regulator clears the deck for proposed share buyback in NTPC"},"content":{"rendered":"<p>The Securities and Exchange Board of India (Sebi) has cleared the deck for a proposed share buyback in NTPC. The state-owned power generation company had approved the market regulator seeking an exemption from strict enforcement of buyback regulations \u2013specifically 24(ii) of Sebi Buyback Regulations 2018. <\/p>\n<p>Under this regulation, a company is barred from announcing a buyback during the pendency of any scheme of amalgamation. <\/p>\n<p>Last year, the NTPC board had approved a scheme of amalgamation entailing the merger of Nabinagar Power Generating Company and Kanti Bijlee Utpadan Nigam with itself. Both the firms are wholly-owned subsidiaries of NTPC. The scheme of amalgamation is yet to be completed. As a result, NTPC is technically prohibited from announcing a buyback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India (Sebi) has cleared the deck for a proposed share buyback in NTPC. The state-owned power generation company had approved the market regulator seeking an exemption from strict enforcement of buyback regulations \u2013specifically 24(ii) of Sebi Buyback Regulations 2018. Under this regulation, a company is barred from announcing a buyback during the pendency of any scheme of amalgamation. Last year, the NTPC board had approved a scheme of amalgamation entailing the merger of Nabinagar Power Generating Company and Kanti Bijlee Utpadan Nigam with itself. Both the firms are wholly-owned subsidiaries of NTPC. The scheme [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-380291","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=380291"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/380291\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=380291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=380291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=380291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}