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NTPC announces share buyback worth ₹2,275 cr at ₹115 per share

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4 years ago

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NTPC announces share buyback worth ₹2,275 cr at ₹115 per share

Power generator NTPC on Monday declared offer buyback worth ₹2,275 crore of 19.78 crore shares at ₹115 per share. This adds up to a 28% premium.
On Monday, NTPC’s scrip on BSE shut 2% higher at ₹89.55. The buyback of offers is required to be finished by January 2021.
“The top managerial staff of the organization in a gathering hung on November 2, 2020 has between alia endorsed… buyback of the completely settled up value portions of the organization of presumptive worth of ₹10 each,” NTPC said in a BSE documenting.
The board affirmed the proposition to repurchase 19,78,91,146 completely addressed up value shares at a cost of ₹115 per unit for a total thought not surpassing ₹2,275.75 crore, the documenting expressed.
The organization has fixed 13 November, 2020 as the record date to find out the qualification of investors for buyback of value shares.
The board likewise affirmed augmentation of residency Chairman and MD Gurdeep Singh till 31 July, 2025.

NTPC on Monday revealed 7% expansion in independent net benefit at ₹3,504 crore for the quarter finishing 30 September, 2020 as against ₹3,262 crore in the year-back period.
Income from activities rose 8% to ₹24,677 crore when contrasted with ₹22,673 crore in September 2019.
A month ago, markets controller Sebi allowed exception to NTPC from certain buyback standards for the proposed merger of its completely claimed auxiliaries with the parent organization.
In October, NTPC had recorded an application with the Securities and Exchange Board of India (Sebi) to look for exclusion from the exacting authorization of the buyback standards.
In November 2019, NTPC’s top managerial staff endorsed a plan of combination involving the merger of Nabinagar Power Generating Company Ltd and Kanti Bijlee Utpadan Nigam Ltd with NTPC.
For this, the organization proposed to investigate the chance of repurchasing its value shares from the current investors on a proportionate premise through the delicate offer course, subject to the essential endorsement.
Net force age of NTPC Group in July-September 2020-21 was 67.67 billion units (Bus) as against 61.64 Bus in a similar period last monetary.
The normal force duty of the firm was ₹3.86 per unit in the main portion of this financial.
The organization’s plant load factor (PLF) or limit use of coal-based undertakings was 64.27 percent in the quarter under survey when contrasted with 64.28 percent a year back.
Its homegrown coal flexibly rose to 38.31 million ton in the quarter from 36.13 million ton in the year-prior period.
Coal imports by the organization plunged to 0.15 million ton from 0.62 million ton a year back.
The gas utilization expanded to 5.66 MMSCMD (million metric standard cubic meter every day) from 3.05 MMSCMD.
Its gas-based undertakings’ PLF likewise rose to 26.24 percent in the second quarter from 13.13 percent a year back.
NTPC Group’s absolute introduced limit expanded to 62,910 MW as on September 30, 2020, from 57,106 MW constantly back same period.

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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3 weeks ago

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January 30, 2025

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

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Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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