 "NHPC's Rs 6-billion buyback offer to open on January 1")
State-owned NHPC on Thursday said its offer to buy back 214.2 million equity shares at Rs 28 apiece, aggregating to Rs 6 billion, will open on January 1.
The share repurchase programme will close on January 14, 2019, the hydro power giant said in a regulatory filing.
The company proposes to buy back up to 21,42,85,714 equity shares (representing 2.09 per cent of total paid-up equity share capital) at Rs 28 apiece for an aggregate consideration not exceeding Rs 5.9 billion the filing said.
The share repurchase programme will close on January 14, 2019, the hydro power giant said in a regulatory filing.
The company proposes to buy back up to 21,42,85,714 equity shares (representing 2.09 per cent of total paid-up equity share capital) at Rs 28 apiece for an aggregate consideration not exceeding Rs 5.9 billion the filing said.
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