NTPC Ltd raises $250 million

NTPC Ltd had signed a syndicated term loan facility of USD 250 million arranged by Mizuho Bank Limited, Singapore Branch. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of 7 years. The proceeds of the facility will be utilized to finance capital expenditure on the Company's ongoing and new projects and renovation and modernization of stations.

Shares of NTPC LTD. was last trading in BSE at Rs.138.95 as compared to the previous close of Rs. 138.65. The total number of shares traded during the day was 215799 in over 2969 trades.

The stock hit an intraday high of Rs. 140.3 and intraday low of 138.5. The net turnover during the day was Rs. 30069453.

Source : Equity Bulls

Keywords