NTPC Ltd to Raise Funds through private placements

NTPC Ltd has decided to raise Rs. 1072.50 crore through private placement of secured non-convertible debentures at a coupon of 8.10% p.a. with a door to door maturity of 15 years on May 27, 2016. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred.

Shares of NTPC LTD. was last trading in BSE at Rs.140.9 as compared to the previous close of Rs. 141.85. The total number of shares traded during the day was 166659 in over 3045 trades.

The stock hit an intraday high of Rs. 142 and intraday low of 139.5. The net turnover during the day was Rs. 23433293.

Source : Equity Bulls

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