NTPC Limited announced a buyback at 115 around 30% above the current price of around 86. The buyback is of around 2276 crores around 2 percent of the company. Record Date for the Buyback is 13th November. As per Buyback regulations, retail investors (below 2 lacs) have 15% reserved for buyback. As per September 30, 2020 this relates to around a 50 percent acceptance ratio. It may change if the number of retail investors rise quickly. On current price of around 86, lets say 100 shares are bought, this can translate into a return of around 16.85 percent, estimating no capital erosion on current share price in a period of around 3-4 months.
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