NHPC Limited Buyback offer 2018
NHPC Limited, a Govt. of India Enterprise, was incorporated in the year 1975 with an authorized share capital of Rs. 2,000 million and with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects. Later on NHPC expanded its objects to include development of power in all its aspects through conventional and non-conventional sources in India and abroad.
At present, NHPC is a Mini Ratna Category-I Enterprise of the Govt. of India with an authorised share capital of Rs. 1,50,000 Million. NHPC is ranked as a premier organization in the country for development of hydropower.
Initially, on incorporation, NHPC took over the execution of Salal Stage-I, Bairasiul and Loktak Hydro-electric Projects from Central Hydroelectric Project Construction and Control Board. Since then, it has executed 20 projects with an installed capacity of 6507 MW on ownership basis including projects executed by NHDC Limited, a Subsidiary Company of NHPC Limited. NHPC has also executed 5 projects with an installed capacity of 89.25 MW on turnkey basis. Two of these projects have been commissioned in neighbouring countries i.e. Nepal and Bhutan. During the financial year 2016-2017 , NHPC Power Stations achieved the generation of 23275 MU.During the Year 2016-17, NHPC had a Sales of Rs. 7139 Crore with a Net Profit of Rs. 2796 Crore.
During the Year 2016-17, NHPC had a Sales of Rs. 7139 Crore with a Net Profit of Rs. 2796 Crore. Presently NHPC is engaged in the construction of 5 projects aggregating to a total installed capacity of 4290 MW including 1000 MW (Pakal Dul HE Project) being executed through JV Company. 10 projects of 7151 MW are awaiting clearances/Govt. approval for their implementation including 3 Projects of 1186 MW to be executed through Subsidiary/Joint Venture Companies.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 30 2018|
|Buyback Opening Date:||Jan 01 2019|
|Buyback Closing Date:||Jan 14 2019|
|Buyback Offer Amount:||₹ 599.99 Cr|
|Date of Board Meeting approving the proposal:||Nov 14 2018|
|Date of Public Announcement:||Nov 14 2018|
|Buyback Offer Size:||2.09%|
|Buyback Number of Shares:||21,42,85,714|
|Buyback Price:||₹ 28 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,89,000||1,89,000||1,89,000||1,89,000|
|(ii) No. of Shares buyback||2310||3500||5250||7000|
|(iii) BuyBack Profit||2310||3500||5250||7000|