NTPC to raise Rs. 500 crore through NCDs

NTPC has decided to issue unsecured non-convertible debentures of Rs.500 crore on 16.12.2022, through private placement at a coupon of 7.44% p.a. with a door to door maturity of 10 years 3 months 30 days on 15.04.2033.

The proceeds will be utilized for, funding of capital expenditure, refinancing of existing loans and other general corporate purposes.

The debentures are proposed to be listed on BSE.

Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These debentures are being issued under the recommendation of board resolution dated 29.07.2022 and subsequent approval obtained through shareholders’ resolution dated 30.08.2022.

Shares of NTPC Limited was last trading in BSE at Rs. 169.20 as compared to the previous close of Rs. 168.90. The total number of shares traded during the day was 146088 in over 2046 trades.

The stock hit an intraday high of Rs. 170.00 and intraday low of 168.00. The net turnover during the day was Rs. 24722167.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 FundRaising NCDs PrivatePlacement