NHPC board to consider share buyback next week
State-run hydro power giant NHPC on Friday said its board may consider a proposal to buy back shares at its meeting scheduled on November 14, in line with the Centre’s aim to garner around ₹80,000 crore through disinvestment this fiscal.
The board of directors may consider the proposal for buyback of the fully paid-up equity shares of the company at its meeting on Wednesday, the company said in a BSE filing. However, the company did not specify the number of shares it proposes to buy back or the size of the transaction.
The Union Government holds 73.67 per cent stake in NHPC as on September 30.