NALCO Buyback Offer: Up to £749 Crore Equity Share Buyback

Quick Summary

National Aluminium Company Limited (NALCO) has launched a buyback offer for its equity shares, potentially worth up to £749 Crore. The Government of India, as the promoter, has confirmed its participation in this buyback. Their involvement will ensure that the Government's equity stake in NALCO remains at a minimum of 51%.

NALCO has made an offer for Buyback of its Equity Shares for an amount upto Rs 749 Crore. As the promoter, GoI has decided to participate in the Buyback to the extent that GOI equity remains at least 51%.

NALCO Buyback Offer: Up to £749 Crore Equity Share Buyback

FAQ :

NALCO has made an offer for a buyback of its equity shares.

The buyback offer is for an amount up to £749 Crore.

Yes, the Government of India (GoI), as the promoter, has decided to participate in the buyback.

The GoI will participate to the extent that its equity in NALCO remains at least 51%.

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