NTPC has decided to raise Rs. 4,000 crore through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 8.30% p.a. with a door to door maturity of 10 years, on January 15, 2019.
The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate requirements. The bonds are proposed to be listed on both NSE & BSE.
Security for these bonds will be duly created as per the requirements of and within the period of time prescribed under, the Companies Act and rules specified therein.
Shares of NTPC LTD. was last trading in BSE at Rs.147.55 as compared to the previous close of Rs. 147.75. The total number of shares traded during the day was 130660 in over 933 trades.
The stock hit an intraday high of Rs. 150.1 and intraday low of 146.9. The net turnover during the day was Rs. 19379656.