13 Dec 19 | 09:55
Exchange Received Time
Exchange Disseminated Time
Announcement under Regulation 30 (LODR)-Meeting Updates |
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of NTPC Limited ('Company' or 'Transferee Company'), at its meeting held today i.e. 9th November 2019, has accorded approval for the amalgamation of Nabinagar Power Generating Company Limited ( 'Transferor Company 1') and Kanti Bijlee Utpadan Nigam Limited (or 'Transferor Company 2') (collectively, 'Transferor Companies'), which are wholly owned subsidiaries of the Company, with the Company under Sections 230 - 232 of the Companies Act, 2013 and other statutory provisions (including any statutory modification or re-enactment or amendment thereof) as per the terms and conditions mentioned in the Scheme of Amalgamation ('Scheme').
The Scheme is subject to necessary approvals under the provisions of the Companies Act, 2013 or other applicable laws including approvals from the Ministry of Corporate Affairs.
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13 Dec 19|09:55 (IST)