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The board of directors of NHPC Ltd may consider a buyback of share proposal at a meeting on Tuesday.
NHPC Ltd has said in a BSE filing that at “board meeting scheduled on February 7, 2017…. the board of directors may also consider the proposal for buyback of the fully paid-up equity shares of the company.”
The company, however, has not disclosed that whether it would buyback shares from its promoter, the central government holding 74.51 percent of the equity or other shareholders.
It has also not disclosed the quantum of amount it is aiming to raise through this offer and number of shares to be bought back under the said proposal to be vetted by board on the February 7 meeting.
