| NHPC Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on November 14, 2018 has inter-alia: i. Approved the proposal to buyback not exceeding 21,42,85,714 (Twenty One Crore Forty Two Lakh Eighty Five Thousand Seven Hundred Fourteen) equity shares (representing approximately 2.09% of the total number of equity shares in the paid-up equity share capital of the Company) at a price of Rs 28/- (Rs. Twenty Eight only) per equity share (the "Buy Back Offer Price") payable in cash for an aggregate consideration not exceeding Rs 599,99,99,992 /- (Rupees Five Hundred Ninety Nine Crore Ninety Nine Lakh Ninety Nine Thousand Nine Hundred Ninety Two only) (the "Buyback Offer Size"), representing 2.50% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited standalone financial statements of the Company for the financial year ended March 31, 2018 (the last audited standalone financial statements available as on the date of Board meeting recommending the proposal of the Buyback) from all the equity shareholders of the Company, as on the record date, on a proportionate basis through a "Tender Offer" route in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (including any statutory modification(s) or reenactment(s)) and the Companies Act, 2013 (the "Buyback"), subject to all other applicable statutory approvals. The Buyback Offer Size is within the statutory limits of 10% (Ten Percent) of the aggregate of fully paid-up equity share capital and free reserves under the Board of Directors approval route as per the provisions of the Companies Act, 2013. |