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BSE: 532555 Sector: Infrastructure
NSE: NTPC ISIN Code: INE733E01010
BSE 00:00 | 24 Apr NTPC Ltd
NSE 05:30 | 01 Jan NTPC Ltd

Announcement under Regulation 30 (LODR)-Updates on Acquisition

March 26, 2020, 5:32 pm | Source: BSE

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 and in continuation of our disclosures dated January 27 2020 and March 20 2019 this is to inform that the Company has on March 25 2020 executed a Share Purchase Agreement with the President of India for acquisition of legal and beneficial ownership of 3609809800 equity shares held by the President of India in North Eastern Electric Power Corporation Ltd. (NEEPCO) and the acquisition of beneficial ownership in 600 equity shares held by the nominees of the President of India in NEEPCO (collectively representing 100% of the total paid up share capital of NEEPCO) for an aggregate consideration of INR 4000 crore (Rupees Four Thousand Crore only). The acquisition is subject to satisfaction of customary conditions precedent.

A detailed disclosure is enclosed herewith.