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NHPC receives shareholders' approval to raise Rs 2,000 cr via bonds

The shareholders also approved the proposal to amend its articles of association of the company

Press Trust of India  |  New Delhi 

Bonds, Masala Bonds
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State-run giant on Thursday said its have approved the proposal to raise Rs 2,000 crore via the issuance of non-convertible on private placement basis.

The special resolution to authorise board to raise Rs 2,000 crore via the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures/bonds, in one or more series/tranches, aggregating through private placement, in domestic market was passed by the requisite majority, stated in a filing.


Besides, the approved the proposal for a final at the rate of 1 per cent on the paid up equity share capital, that is 10 paise per equity share.

The board in its meeting held on May 30, 2017 recommended "a final at the rate of 1 per cent (Rs 0.10 per equity share) on the paid up of the company for 2016-17, excluding interim at the rate of 17 per cent (Rs 1.70 per equity share) paid in January, 2017."

The at its annual general meeting held on September 27 also approved the proposal to amend its articles of association of the company so that the board shall have the power to carry out consolidation and re-issuance of its securities issued through a private placement.

First Published: Thu, September 28 2017. 17:26 IST
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