The share repurchase programme will close on January 14, 2019, the hydro power giant said in a regulatory filing
The board has fixed November 30 as the record date for the purpose of determining the entitlement and the names of the shareholders
An arbitral award was passed in favour of the construction firm on May 6, 2016
NHPC is currently executing a 50 Mw solar project in Tamil Nadu and a 72 Mw wind project in Kerala
The shareholders also approved the proposal to amend its articles of association of the company
The company had offered a price of Rs 32.25 per equity share
It has appointed SBI Capital Markets Ltd as the manager to the buyback offer
NHPC posted an annual 25.8 per cent jump in its net profit at Rs 214.69 crore for the third quarter
The stock surged 12% to Rs 30.80, also its 52-week high after the board declared 17% interim dividend for FY17
Its total income from operations increased to Rs 2,403.3 crore, over Rs 2,344.9 crore in the year-ago period
Income from operations increased to Rs 2,196.79 crore, from Rs 2,001.67 crore in the year-ago period
Following protests from pressure groups, project has been stalled since Dec 2011 on grounds that seismic activity could pose a risk to people in downstream areas
Sales during FY16 also rose 9% to Rs 7347 crore compared with Rs 6737 crore in the corresponding period of the last fiscal year
Total income for the entire fiscal stood at Rs 8,353.82 crore as against Rs 7663.58 crore for FY2015
The Centre sold around 11.3% stake in the power generator to raise around Rs 2,700 cr
Most of the bids were made at the base price of Rs 21.75
The stock dipped nearly 7% to Rs 21.50 on the BSE in early morning trade.
Likely to fetch exchequer Rs 2,700 cr
Sale of 125.76 crore shares will happen over 2 days, April 27 for non-retail investors, April 28 for retail investors
Parbati Stage-III power station is located in Kullu district of Himachal Pradesh