Moneycontrol
Last Updated : Nov 09, 2018 05:58 PM IST | Source: PTI

NHPC board to consider share buyback proposal next week

The board of directors may consider the proposal for buyback of the fully paid-up equity shares of the company at its meeting on November 7, the company said in a BSE filing.

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State-run hydro power giant NHPC on November 9 said its board may consider a proposal to buy back shares at its meeting scheduled on November 14, in line with the government's aim to garner around Rs 80,000 crore from disinvestment this fiscal.

The board of directors may consider the proposal for buyback of the fully paid-up equity shares of the company at its meeting on November 14, the company said in a BSE filing.

However, the company did not specify the number of shares it proposes to buy back or the size of the transaction.

The Finance Ministry is banking on merger and acquisitions among PSUs and share buybacks by state-run companies to meet the Rs 80,000-crore disinvestment target for the current fiscal year 2018-19.
First Published on Nov 9, 2018 05:38 pm
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