InvestorQ : When the BUY BACK of shares by NTPC will start and what is the closing date for this.
DHRUB KUMAR PHITKARIWALA made post

When the BUY BACK of shares by NTPC will start and what is the closing date for this.

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Archita Jajjoo answered.
6 months ago
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NTPC will buy back up to 19.79 crore equity shares at a price of Rs.115 per share leading to a total buyback amount of Rs.2275 crore. The buyback will be 2.19% of the total capital of NTPC. The price of buyback represents a premium of 30-35% to the market price.

NTPC has already announced November 13 as the record data for the buyback offer, which means to qualify for the buyback your name should be there in the register of holders as of the close of 13 Nov. If you qualify, you can approach your broker for executing the buyback.

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