NLC's buyback offer goes live on March 6
NLC's buyback offer, which will open on March 6 and continue till March 20, will be at the rale of Rs. 99 per Equity Share payable in cash. The total offer, not exceeding Rs 1476.49 crore, and 14.91 crore equity shares, represents 9.9% and 9.99% of the company's fully paid-up share capital and free reserves for the financial year ended March 31, 2016. Updates on Buy Back Offer
IDBI Capital Markets & Securities Ltd (Formerly known as IDBI Capital Market Services Ltd) ("Manager to the Buy Back Offer") has submitted to BSE a copy of Letter of Offer to equity shareholders of NLC India Ltd ("Target Company") for buyback of equity shares. Updates
Subject: CASH OFFER FOR BUYBACK BY NLC INDIA LIMITED ('COMPANY') OF EQUITY SHARES OF FACE VALUE OF Rs.10 EACH AT A PRICE OF Rs.99 PER EQUITY SHARE NOT EXCEEDING 14,91,41,173(FOURTEEN CRORE NINETY ONE LAKH FORTY ONE THOUSAND ONE HUNDRED SEVENTY THREE ONLY) EQUITY SHARES, ON A PROPORTIONATE BASIS THROUGH THE TENDER OFFER PROCESS ('BUYBACK OFFER') This is in reference to the captioned subject and the our letter dated February 2, 2017, submitting the... Updates
Dear sirs, Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(LODR). *** We write to inform that the Board of Directors of the Company is likely to consider declaration of Interim Dividend for the year 2016-2017 during the meeting to be held in the month of March,2017 and that the exact date will be informed to the Exchange in due course in accordance with the SEBI(LODR) Regulations. Thanking you. Closure of Trading Window
NLC India Ltd has informed BSE that in terms of Company's Code of Conduct to regulate, monitor and report trading by Insiders, the trading window remains closed from March 01, 2017 and upto the second trading day after the announcement of annual results for the financial year ending March 31, 2017, including recommendation of final dividend, if any, is made public.The date of the Board Meeting for the aforesaid purpose will be intimated in due course. Change in the Name of the Company's RTA
NLC India Ltd has informed BSE that In terms of Regulation 7 of LODR, Integrated Enterprises(India) Limited (IEIL), Company's Registrar and Share Transfer Agent of the Company (RTA), has informed that, consequent to the approval of the Scheme of Arrangement by the High Court, Madras, vide their order dated 03/06/2016 for demerger, the Registry and Share Transfer Activities would be carried out by a new entity, "Integrated Registry Management Services... NLC board okays buyback offer
NLC India (formerly Neyveli Lignite Corporation) on Tuesday launched its 1,491-crore buyback offer for 15.06 crore shares. The buyback will be made at 99 a share, which will be payable in cash,... Updates on Buy back Offer
IDBI Capital Markets & Securities Ltd (Formerly known as IDBI Capital Market Services Ltd) ("Manager to the Buy back Offer") has submitted to BSE a Copy of Draft Letter of Offer regarding Buy back offer to the Equity Shareholders of NLC India Ltd ("Target Company"). Results Press Release for December 31, 2016
NLC India Ltd has informed BSE about : 1. Result Press Release for the period ended December 31, 2016 Announces Q3 results (Standalone) & Limited Review Report (Standalone) for the Quarter ended December 31, 2016
NLC India Ltd has announced the following Unaudited Standalone results for the quarter ended December 31, 2016:The Company has posted a net profit of Rs. 3361.70 million for the quarter ended December 31, 2016 as compared to Rs. 179.00 million for the quarter ended December 31, 2015. Total Income has increased from Rs. 14123.70 million for the quarter ended December 31, 2015 to Rs. 19642.10 million for the quarter ended December 31, 2016.