desk
Share
News Topical, Digital Desk : Public sector power company NTPC Limited will consider raising up to Rs 18,000 crore by issuing bonds in its upcoming board meeting to be held on June 21, 2025. The company has given this information to the stock exchanges on Monday. The proposal includes secured or unsecured, taxable or tax-free, redeemable, non-convertible debentures (NCDs), subject to the approval of the shareholders.
This fund raising plan has come at a time when NTPC had announced a few days ago to issue non-convertible debentures worth ₹4,000 crore through private placement on June 17. These NCDs will be available through private placement on June 17 at a coupon rate of 6.89 per cent per annum for a period of 10 years and one day, which will mature on June 18, 2035. The company said that this fund will be used for capital expenditure, refinancing of existing loans and general corporate purposes. Share performance The company's stock closed at Rs 333.50 with a gain of 0.47 per cent on Monday. In the last one year, the company's stock has seen a decline of 9.78 per cent.
--Advertisement--
