Business Standard

NTPC to raise $6 bn at India International Exchange


Press Trust of India New Delhi
State-run power giant NTPC said today that it has listed its USD 6 billion (over Rs 38,000 crore) medium-term note (MTN) programme on India International Exchange (India INX) at IFSC, GIFT City.

It became Indias first quasi-sovereign company to list at India INX, NTPC said in a statement.

It said the listing was done on January 24 on the Global Securities Market of India INX, Indias first international exchange.

NTPC said the listing will help it raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.

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First Published: Jan 30 2018 | 7:20 PM IST

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