NTPC to seek shareholders' nod to raise up to Rs 15,000 crore via bonds

The funds are proposed to be raised on private placement basis in one or more tranches not exceeding 30; AGM is scheduled for September 24

NTPC will seek shareholders’ nod to raise up to Rs 15,000 crore through bonds in the annual general meeting scheduled for next month.

The funds are proposed to be raised on private placement basis in one or more tranches not exceeding 30, according to the company’s notice for the annual general meeting (AGM), scheduled for September 24.

The special resolution for AGM proposes to make offers or invitations to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/ non-cumulative, non-convertible debentures up to Rs 15,000 crore, the notice said. The