NTPC board to consider proposal to raise up to Rs 12K cr via non-convertible debentures PSU Watch Archives
News Updates

NTPC board to consider proposal to raise up to Rs 12K cr via non-convertible debentures

NTPC is planning to raise Rs 12,000 crores through the issuance of non-convertible debentures

PSU Watch Bureau

New Delhi: State-owned NTPC said in a regulatory filing on Wednesday that the board is planning to raise Rs 12,000 crores through the issuance of non-convertible debentures. Further, the filing also noted that the company will only raise the bonds after getting approval from its shareholders in the Annual General Meeting to be held on June 24.

Also read:NTPC conducts training programmes on power sector for Myanmar professionals

The convening of this crucial Board of Directors meeting marks a significant milestone for NTPC, as the company explores avenues to raise capital and fortify its financial position. The potential issuance of Bonds/NCDs presents an opportunity for NTPC to access funds and support its future growth plans, all while upholding the trust and confidence of its valued shareholders.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Also Read

Bharat Forge to supply components to Brazilian aircraft maker Embraer

VB-G RAM G Act to come into force from July 1, replace MGNREGA scheme: Govt

HAL CMD Kota Ravi given additional charge of Director (Operations)

Anand Mohan assumes charge as Director (Technical) of CMPDIL

NHPC's stake in Chenab Valley JV dips below 51% as JKSPDCL infuses fresh equity