NTPC Seeks Shareholder Approval To Raise Rs 15K Cr Via Bonds

NTPC Seeks Shareholder Approval To Raise Rs 15K Cr Via Bonds

State-owned power giant NTPC has sought shareholders approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis domestically for capex, working capital and other corporate purposes.

The special resolution is listed on the agenda of the annual general meeting scheduled for September 20, NTPC said in a BSE filing today.

According to the statement, the company intends to raise Rs 15,000 crore through non-convertible debentures (bonds) up to Rs 15,000 crore in one or more tranches or series not exceeding 30, through private placement, in the domestic market for capital expenditure, working capital and other general requirements.

Besides, the shareholders would consider a proposal to confirm payment of interim dividend and declare final dividend for 2016-17. Read More…

 

 

 

Credit By: India Today

Leave a Reply

Your email address will not be published.