NTPC Ltd to raise up to Rs. 12000 crore

The Board of Directors of the Company have, subject to the approval of the shareholders, approved issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ('Bonds/NCDs') up to Rs.12,000 Crore in one or more tranches/series not exceeding 12 (twelve) , through private placement in domestic market during the period commencing from the date of passing of Special Resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2023-24 whichever is earlier.

Shares of NTPC Limited was last trading in BSE at Rs. 152.95 as compared to the previous close of Rs. 150.35. The total number of shares traded during the day was 389348 in over 3762 trades.

The stock hit an intraday high of Rs. 154.40 and intraday low of 150.55. The net turnover during the day was Rs. 59504072.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 FundRaising NCDs