| Opening of Offer to Buy – Acquisition Window (Buyback) for NHPC Limited. |
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 Takeovers, Buy Back and 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, 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 NHPC Limited (the “Company”), has announced offer to Buyback of up to 21,42,85,714 (Twenty One Crore Forty Two Lakhs Eighty Five Thousand Seven Hundred Fourteen) fully paid-up Equity Shares of face value Rs 10/- each, representing approximately 2.09% of the total number of equity shares in the issued, subscribed and paid-up equity share capital of the Company as on March 31, 2018, from all the existing shareholders/ beneficial owners of the Company as on the record date i.e., Friday, November 30, 2018, on a proportionate basis, through the “Tender Offer” process at a price of Rs. 28/- (Rupees Twenty Eight Only) per equity share for an aggregate consideration of up to Rs. 599,99,99,992 (Rupees Five Hundred Ninety Nine Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred Ninety Two Only) from January 01, 2019 to January 14, 2019.
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 the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Amrin Memon
Deputy Manager
Listing Sales
December 27, 2018 |