State-run NTPC today said its board on July 29 will consider a proposal to issue debentures for raising up to Rs 15,000 crore.
"A meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Friday, July 29, 2016 inter alia, to consider and approve issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/ non-cumulative, non-convertible debentures up to Rs 15,000 crore," NTPC said in a regulatory filing.
According to the statement, the funds would be raised during the period commencing from the date of passing of Special Resolution in the Annual General Meeting, to be held on September 20, 2016, till completion of one year thereof or the date of next Annual General Meeting in the financial year 2017-18 whichever is earlier.
