NHPC LTD. - Post Buy Back Offer

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NHPC LTD. - Post Buy Back Offer

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31 Mar 2014
NHPC Ltd has informed BSE about Post Buyback public announcement for the attention of equity shareholders/ Beneficial owners of equity shares of NHPC Ltd ("Target Company")<br/><br/>This Public Announcement (the Public Announcement) is being made pursuant to the provisions of Regulation 19 (7) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended (the "Buyback Regulations). This Post Buyback Public Announcement should be read in conjunction with the Public Announcement dated October 25, 2013 (the Public Announcement), and the Letter of Offer dated November 5, 2013 (the Letter of Offer). The terms used but not defined in this Post Buyback Public Announcement shall have the same meanings as assigned in the Public Announcement and the Letter of Offer.<br/><br/>NHPC Limited (the Company) had announced the Buyback of not exceeding 123,00,74,277 fully paid-up equity shares of face value of Rs. 10 each (Equity Shares) from all the existing shareholders / beneficial owners of Equity Shares as on the record date (i.e. November 8, 2013), on a proportionate basis, through the Tender Offer process at a price of Rs. 19.25 (Rupees Nineteen and Paise Twenty Five only) per Equity Share payable in cash for an aggregate amount of approximately Rs. 2367,89,29,832 (Rupees Two Thousand Three Hundred Sixty Seven Crore Eighty Nine Lakh Twenty Nine Thousand Eight Hundred Thirty Two only) (Buyback Offer Size). The Buyback Offer of 123,00,74,277 Equity Shares is 10% of the fully paid-up equity share capital as per the latest audited accounts of the Company as on June 30, 2013. The Buyback Offer Size represents 8.89% of the aggregate of the Companys total paid-up equity share capital and free reserves, as per the latest audited accounts of the Company as on June 30, 2013 which stands at Rs. 26,62,416 Lakh (Rupees Twenty Six Lakh Sixty Two Thousand Four Hundred and Sixteen Lakh approximately) and is within the statutory limits of 10% of the total paid up equity share capital and free reserves as per the latest audited accounts of the Company and is within the power of the Board of Directors.
View all announcements for NHPC LTD.	Source: BSE India

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