New Delhi: NTPC Limited will seek shareholders’ approval to raise up to Rs 12,000 crore through the issuance of non-convertible debentures in the annual general meeting on August 30.
The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes, as per the notice for the AGM.
As the company is under capacity expansion mode, a major portion of the capital expenditure requirement has to be funded by debt.
The company’s board approved the proposal on July 29, 2022.
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