Notice No.   20201113-1   Notice Date   13 Nov 2020
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Hindustan Petroleum Corporation Limited (Scrip code: 500104)


1.    Trading Members are hereby informed that Hindustan Petroleum Corporation Limited (Scrip code: 500104) has announced buyback of its fully paid-up equity shares of face value of Rs.10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs.250/-(Rupees One Hundred and Thirty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 2500 crores (Indian Rupees Two Thousand Five Hundred Crores only). 


2.      Proposed timetable for buyback:


Date of Opening of the Buyback on BOLT

Tuesday, November 17, 2020

Last Date for the Buyback

Earlier of:


a.     May 14, 2021 (i.e., 6 (six) months from the date of the opening of the Buyback; or

b.     when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or

c.      at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board/committee to exercise its powers, and/or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be?completed before the last date for the Buyback.

3.      Broker Members for buyback:


The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:


Name of the Member‘s

Clearing No

ICICI Securities Limited



4.      Details of Shares held in DEMAT Form.


The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:

Scrip Code No.


Market Lot

1 Share

Scrip ID on BOLT System


5.  Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


6.      Institutional Investors are allowed to participate in the buyback.


7.      Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment.


8.      The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:


Merchant Banker to the Buyback:

ICICI Securities Limited

ICICI Centre H T Parekh Marg,

Churchgate Mumbai 400 020

Tel.:+91 022 22382460

Fax:+91 022 882455

Contact Person: Sameer Purohit



              At the Company:

V Murali

Company Secretary & Compliance Officer

Petroleum House 17 Jamshedji Tata Road,

Churchgate Mumbai 400 020

Tel No.:?+91- 22863611



·        At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784

Email Id:


·        Trading Department - 

Trading Operations - Extn: 022-2272- 8376(For Trading Related) 


·        Help desk- Extn: 61363100 (Hunting) (For BOLT System) 


·        Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)



Rupal Khandelwal 

Senior Manager

Friday, November 13, 2020