NTPC board to consider share buyback

NTPC Limited has informed stock exchanges that its board of directors will consider a proposal for buyback of equity shares of the company on November 2, 2020, besides considering, approving and taking on record the un-audited financial results of the company for the quarter and half year ended September 30, 2020.

In October 2020, NTPC had filed an application with the Securities and Exchange Board of India (SEBI) to seek exemption from the strict enforcement of the buyback norms. SEBI has granted exemption to NTPC from certain buyback norms for the proposed merger of wholly-owned subsidiaries with the parent company.