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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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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

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19 hours ago

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January 21, 2025

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Report: BTS member Jungkook’s song “Seven” is poised to top the U.K. charts.

The global phenomenon that is BTS continues to make waves in the music industry, transcending boundaries and captivating audiences worldwide. This time, the spotlight is on Jungkook.

one of the group’s immensely talented members, as his solo song “Seven” is set to dominate the U.K. charts. Let’s delve into the details of this exciting news and explore the factors contributing to Jungkook’s success as a solo artist.

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The Rise of BTS: BTS, a South Korean boy band, has garnered a massive following globally, earning a dedicated fan base known as the ARMY. With their infectious music, mesmerizing performances, and meaningful lyrics, BTS has established themselves as trendsetters and game-changers in the music industry.

Jungkook’s Solo Endeavors: While BTS’s success lies in the collective talent and synergy of all its members, each member has also been exploring their individual artistic ventures. Jungkook, often hailed as the group’s “golden maknae,” has been making waves with his solo projects, showcasing his exceptional vocal prowess and versatility as an artist.

“Seven” Storms the U.K.: News of Jungkook’s solo track, “Seven,” climbing the U.K. charts has taken the music industry by storm. The catchy melody, heartfelt lyrics, and Jungkook’s charismatic delivery have resonated with fans and new listeners alike, propelling the song towards chart-topping success.

Factors Contributing to Jungkook’s Triumph:

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  1. ARMY Power: BTS boasts an incredibly dedicated fan base known for their unwavering support. The passionate ARMY has rallied behind Jungkook, streaming and promoting “Seven” across various platforms, propelling it to the forefront of the U.K. music scene.
  2. Global Appeal: BTS’s international popularity has paved the way for individual members’ solo success. Jungkook’s immense talent, combined with the band’s global recognition, has helped him garner attention and win over audiences beyond the ARMY.
  3. Artistic Growth: Jungkook’s growth as an artist is evident in his solo endeavors. His ability to convey emotions and connect with listeners through his music has struck a chord with fans, creating a strong connection that fuels his solo success.

The Impact of BTS: BTS’s impact on the music industry extends far beyond chart success. Their music promotes self-love, empathy, and resilience, empowering listeners worldwide. Their massive following and achievements open doors for K-pop and Korean artists, fostering cultural exchange and expanding the global reach of Korean music.

Celebrating Music Diversity: The rise of Jungkook’s “Seven” on the U.K. charts also highlights the increasing diversity and inclusivity of the music landscape. It demonstrates that language is no barrier to connecting with audiences, and artists from different cultures can achieve widespread acclaim and recognition.

global impact their devoted fan base. It showcases the power of music to transcend boundaries and connect people from diverse backgrounds. As BTS continues to push boundaries and redefine the music industry, we can eagerly anticipate more solo endeavors from its talented members, each poised to make their unique mark on the world stage.

Note: This blog post is a fictional creation and does not reflect real events or statements by individuals.

Report: BTS Member Jungkook’s Song “Seven” Poised to Top the U.K. Charts

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In exciting news for BTS fans worldwide, Jungkook’s highly anticipated song “Seven” is on track to top the U.K. charts. The track, which showcases Jungkook’s unique vocal prowess and captivating sound, has been well-received by both fans and critics alike. According to recent reports, the song is rapidly climbing the U.K. singles chart, with many expecting it to claim the number one spot soon.

#Jungkook #Seven #UKCharts #BTS #KpopSuccess #Billboard #KpopSolo #BTSArmy #JungkookSeven

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