NTPC Ltd Fixes Record Date for Scheme of Arrangement

The Scheme of Arrangement (Scheme) under sections 391 to 394 of the Companies Act, 1956 between NTPC Limited and its Members for issue of one secured, non-cumulative, non-convertible, redeemable, taxable, fully paid-up bonus debentures out of free reserves having face value of Rs. 12.50 each for every one fully paid-up equity share of face value of Rs. 10/- has been approved by Ministry of Corporate Affairs vide order dated March 2, 2015, received on March 11, 2015. With the filing of the order with Registrar of Companies NCT of Delhi and Haryana on March 11, 2015, the Scheme has become effective.

Further, the Company has fixed March 23, 2015, as the record date for determining the members/shareholders to whom the Debentures will be allotted in terms of this Scheme.

Shares of NTPC LTD. was last trading in BSE at Rs.159.5 as compared to the previous close of Rs. 154.05. The total number of shares traded during the day was 1058785 in over 20073 trades.

The stock hit an intraday high of Rs. 164.7 and intraday low of 153.1. The net turnover during the day was Rs. 170467699.

Source : Equity Bulls

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