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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.

Topics
NTPC growth | NTPC Limited | NCD issuance

Press Trust of India  |  New Delhi 



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

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.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Fri, July 22 2022. 19:32 IST

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