You are here » Home » Companies » NTPC Ltd - Announcements

NTPC Ltd.

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, 5:39 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 on March 20 2020 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 27309406 equity shares held by the President of India in THDC India Limited (THDCIL) and the acquisition of beneficial ownership in 6 equity shares held by the nominees of the President of India in THDCIL (collectively representing 74.496% of the total paid up share capital of THDCIL) for an aggregate consideration of INR 7500 crore (Rupees Seven Thousand Five Hundred Crore only). The acquisition is subject to satisfaction of customary conditions precedent.

A detailed disclosure is enclosed herewith.