NTPC to issue NCDs of Rs. 2000 crore

NTPC has decided to issue unsecured non-convertible debentures of Rs.2,000 crore on 25 August 2022, through private placement at a coupon of 7.44% p.a. with a door to door maturity of 10 years on 25 August 2032. The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. The debentures are proposed to be listed on NSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and tules specified therein.

These debentures are issued under the approval obtained through shareholders' resolution dated 28 September, 2021.

Shares of NTPC Limited was last trading in BSE at Rs. 158.35 as compared to the previous close of Rs. 156.55. The total number of shares traded during the day was 1824504 in over 8415 trades.

The stock hit an intraday high of Rs. 159.30 and intraday low of 155.40. The net turnover during the day was Rs. 287116406.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 FundRaising NCDs INR2000Crore PrivatePlacement