Notice No.   20201201-10   Notice Date   01 Dec 2020
Category   Tenders   Segment   Equity
Subject   Opening of Offer to Buy - Acquisition Window (Buyback) NTPC LIMITED (A Government of India Enterprise)
Attachments   NTPC Limited - Letter of Offer_20201127131552.pdf ;

Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017,20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.


All Market Participants are hereby informed that NTPC LIMITED (A Government of India Enterprise (“the Company”) has announced a Cash offer for buyback of not exceeding 19,78,91,146 (Nineteen crore seventy-eight lakh ninety-one thousand one hundred forty-six) fully paid-up equity shares of face value Rs. 10/- each, representing 2% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the company, from all the existing shareholders / beneficial owners of equity shares of the company as on the record date i.e. Friday, November 13, 2020 on a proportionate basis, through the “tender offer” process at a price of Rs 115/- (Rupees One Hundred Fifteen Only) per equity share for an aggregate consideration not exceeding Rs. 2275,74,81,790/- (Rupees Two Thousand Two Hundred Seventy-Five Crore Seventy Four Lakh Eighty One Thousand Seven Hundred Ninety Only).  The Buyback is in accordance with the provisions of Sections 68, 69, 70 and all other applicable provisions of the Companies Act, 2013, as amended, the Companies (Share Capital and Debentures) Rules, 2014, as amended to the extent applicable and in accordance with Article 23A of the Articles of Association of the Company and in accordance with Regulation 4(iv)(a) and other applicable provisions contained in the Buyback Regulations, from December 7, 2020 to December 18, 2020.


Letter of Offer is herewith attached.


Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and 20190424-35 dated April 24, 2019 along with the details of this Offer to Buy would be available on BSE Website –




Atul Dhotre

Senior Manager

Listing Sales & Ops

December 1, 2020