NTPC Ltd completes Rs. 500 crore bond issue on private placement basis

CBDT under notification dated February 13, 2014 allocated to NTPC Ltd. an additional limit of Rs. 500 crore for issue of tax-free bonds, this was in addition to Rs. 1750 crore allocated by CBDT under notification dated August 08, 2013 which was successfully completed by way of public issue in December 2013.

The tax-free bonds issue of Rs. 500 crore was also completed successfully on a private placement basis on February 25, 2014 with coupon rates of 8.19%, 8.63% and 8.61% for 10,15 and 20 years respectively.

Shares of NTPC LTD. was last trading in BSE at Rs.112.6 as compared to the previous close of Rs. 115.5. The total number of shares traded during the day was 768124 in over 8048 trades.

The stock hit an intraday high of Rs. 116.55 and intraday low of 112.1. The net turnover during the day was Rs. 87169566.

Source : Equity Bulls

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