NTPC Ltd files for Bonds issue

NTPC Ltd has filed a Prospectus dated November 25, 2013 (“Prospectus”) with the Registrar of Companies, National Capital Territory of Delhi and Haryana and shall file the Prospectus with the BSE Limited (the designated stock exchange), the National Stock Exchange of India Limited and the Securities arid Exchange Board of India, in connection with its proposed public issue of tax-free secured redeemable non-convertible bonds having tax benefits under section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended. The base Issue size aggregates to Rs. 1,000 crore with an option to retain oversubscription up to Rs. 750 crore for issuance of additional Bonds, aggregating to up to Rs, 1,750 crore.

The Issue will open on December 03, 2013 and is scheduled to close on December 16, 2013.

Shares of NTPC Ltd was last trading in BSE at Rs.146.65, down by Rs.2.10 or 1.41%. The stock hit an intraday high of Rs.148.95 and low of Rs.146.40.

The total traded quantity was 0.76 lakhs as compared to 2 week average of 2.05 lakhs.

Source : Equity Bulls

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