State-run hydro power generator NHPC on Friday said it has fixed February 20 as record date for Rs 2,616.59-crore share buyback offer. The company board has approved a proposal to buy back shares not exceeding 81.13 crore representing 7.33 per cent of total shares at a price of Rs 32.25 for a consideration of Rs 2,616.59 crore.
“The company has fixed Record Date as February 20, 2017, for the purpose of Buyback of equity shares of the company,” NHPC ltd has informed BSE. According to statement the company will determine the entitlement and names of the shareholders who are eligible to participate in the buyback and who would be sent letter of offer and tender forms for selling their shares.