NTPC Limited has submitted to the stock exchanges a copy of a disclosure received from the Ministry of Power, Government of India, acting on behalf of the President of India. The submission was made under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The disclosure pertains to the shareholding in NTPC equity shares bearing ISIN INE733E01010. The Ministry of Power furnished the disclosure to NTPC Limited as the promoter shareholder representing the President of India. The President of India holds the promoter stake in NTPC Limited through the Ministry of Power.
Regulation 31(4) of the SEBI Takeover Regulations requires persons acting in concert with the acquirer to disclose their shareholding and voting rights in the target company. The Ministry of Power filed the disclosure in its capacity as the promoter of NTPC Limited.
NTPC Limited forwarded the disclosure to the stock exchanges for information and record purposes pursuant to the regulatory requirement. The filing was made under ISIN INE733E01010 for NTPC equity shares. The disclosure was submitted to NTPC Limited by the Ministry of Power for onward transmission to the exchanges.
The exchange filing fulfils continuing disclosure obligations under the SEBI Takeover Regulations governing substantial acquisition of shares and takeovers of listed companies. Regulation 31(4) mandates disclosure by persons acting in concert with the acquirer regarding their shareholding and voting rights.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.