NTPC Ltd - Fund Raising proposal - Angel Broking

Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd

"NTPC Ltd will raise Rs.4,000 crore on 15 October, 2020, through private placement of unsecured non-convertible bonds in the debentures at a coupon of 5.45% p.a. with a door to door maturity of 5 years on 15 October 2025. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The bonds are proposed to be listed on both NSE & BSE. Bond Trust Deed for these bonds will be duly executed. as per the requirements and within the period of time prescribed under the Companies Act and rules specified therein. This is positive development for the company."

Shares of NTPC LTD. was last trading in BSE at Rs.79.1 as compared to the previous close of Rs. 82.7. The total number of shares traded during the day was 5002397 in over 15185 trades.

The stock hit an intraday high of Rs. 83.1 and intraday low of 78.1. The net turnover during the day was Rs. 395614103.

Source : Equity Bulls

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