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

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.

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.

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