NTPC Ltd to raise Rs. 3925 crores

NTPC Ltd has decided to raise Rs. 3925 crore through private placement of secured non-convertible debentures at a coupon of 7.37% p.a. with a door to door maturity of 15 years on December 14, 2016. The proceeds will be utilized to finance capital expenditure / refinancing the debt requirement in on-going projects and other general corporate requirements.

Shares of NTPC LTD. was last trading in BSE at Rs.160.3 as compared to the previous close of Rs. 163.6. The total number of shares traded during the day was 259983 in over 3463 trades.

The stock hit an intraday high of Rs. 164.6 and intraday low of 159.65. The net turnover during the day was Rs. 42155732.

Source : Equity Bulls

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