NHPC LTD. - Notice of Offer for Sale of shares by Promoter & Floor Price
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| 26 Apr 2016 | |
| The President of India, acting through and represented by the Ministry of Power, Government of India, is the promoter of NHPC Limited (the Promoter) has submitted to BSE a copy of Notice of Offer for Sale up to 1,25,76,27,941 equity shares of the face value of Rs. 10/- each of NHPC Limited (the Company) (Offer Shares) on April 27, 2016 (for non-Retail Investors only) and on April 28, 2016 (for Retail Investors and for non-Retail Investors who choose to carry forward their bids) through a separate, designated window of the BSE Limited (the BSE") and the National Stock Exchange of India Limited (NSE", and together with the BSE, the Stock Exchanges), representing 11.36% of the total paid up equity share capital of the Company on December 31, 2015 (held in dematerialized form in one or more demat accounts with the relevant depository participant).<BR><BR>- Dates and time of the opening and closing of the Offer :<BR><BR>For non-Retail Investors: April 27, 2016 (T day)<BR><BR>The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day i.e. April 27, 2016 commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time.<BR><BR>Only non-Retail Investors shall be allowed to place their bids on T day, i.e. April 27, 2016.<BR><BR>For retail Investors and non-retail category bids who choose to carry forward their bids: April 28, 2016 (T+1 day)<BR><BR>The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 (T+1 being April 28, 2016) commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time.<BR><BR>Only Retail Investors (defined below) shall be allowed to place their bids only on T+1 day. Further, those non-Retail investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the SEBI OFS Circulars.<BR><BR>(T day and T+1 day, collectively referred to as "Offer Dates")<BR><BR>- Floor Price : The floor price of the Offer shall be Rs. 21.75/- (Rupees Twenty One and Seventy Five paise only) per equity share of the Company. | |
| View all announcements for NHPC LTD. | Source: BSE India |
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