NTPC board to consider proposal to raise Rs 12,000 cr via NCDs on Jul 29

State-owned power giant NTPC on Friday said its board will consider a proposal to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs) on July 29.

The state government holds a 26.85 per cent stake in SJVN, which owns and operates 2 GW of hydro power projects

NTPC

Press Trust of India New Delhi
State-owned power giant NTPC on Friday said its board will consider a proposal to raise up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs) on July 29.
"The Board, subject to the approval of shareholders in the ensuing Annual General Meeting, shall also consider for the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ("Bonds/NCDs") up to Rs 12,000 Crore," a BSE filing said.
A meeting of the board of directors is scheduled to be held here on Friday, July 29, 2022, to inter-alia, consider, approve and take on record the Un-audited Financial Results of the company for the quarter ended June 30, 2022, after these results are reviewed by the audit committee, it added.

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First Published: Jul 22 2022 | 7:32 PM IST

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