NHPC's Rs 2,368 cr share buyback to begin from Nov 29

Written By Unknown on Sabtu, 23 November 2013 | 23.25

Nov 22, 2013, 10.50 PM IST

"The (buyback) process will commence on November 29 and will be concluded on December 12," said a source. The company plans to buyback up to 123,00,74,277 fully paid up equity shares of Rs 10 each at a price of Rs 19.25 apiece aggregating Rs 2,368 crore from the open market.

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NHPC's Rs 2,368 cr share buyback to begin from Nov 29

"The (buyback) process will commence on November 29 and will be concluded on December 12," said a source. The company plans to buyback up to 123,00,74,277 fully paid up equity shares of Rs 10 each at a price of Rs 19.25 apiece aggregating Rs 2,368 crore from the open market.

Like this story, share it with millions of investors on M3

NHPC's Rs 2,368 cr share buyback to begin from Nov 29

"The (buyback) process will commence on November 29 and will be concluded on December 12," said a source. The company plans to buyback up to 123,00,74,277 fully paid up equity shares of Rs 10 each at a price of Rs 19.25 apiece aggregating Rs 2,368 crore from the open market.

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State-owned NHPC , the country's largest hydel power producer, will commence the buyback of shares worth up to Rs 2,368 crore from November 29.

"The (buyback) process will commence on November 29 and will be concluded on December 12," said a source. The company plans to buyback up to 123,00,74,277 fully paid up equity shares of Rs 10 each at a price of Rs 19.25 apiece aggregating Rs 2,368 crore from the open market.

Government holds 86.36 percent stake in NHPC. The company got listed on bourses in 2009 after the government divested 5 percent stake. It has also issued 10 percent fresh equity. Overall, the government plans to raise Rs 40,000 crore in the current financial year (2013-14) through disinvestment.

Also read: Expect to restart Dhauliganga project by FY14-end: NHPC

NHPC generates 5,702 MW electricity from 17 hydel stations in the country. As many as seven power stations totalling 4,095 MW capacity are under construction.

The company's scrip closed at Rs 17.65, down 1.67 percent, on the BSE.


NHPC stock price

On November 22, 2013, NHPC closed at Rs 17.65, down Rs 0.3, or 1.67 percent. The 52-week high of the share was Rs 29.40 and the 52-week low was Rs 14.80.


The company's trailing 12-month (TTM) EPS was at Rs 1.89 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 9.34. The latest book value of the company is Rs 22.63 per share. At current value, the price-to-book value of the company is 0.78.


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