NTPC pre-closes oversubscribed Rs 700 cr tax-free bond issue
New Delhi. NTPC Ltd has pre-closed its public issue of Rs 700 crore tax-free bonds as it was oversubscribed by 11.04 times on the opening day yesterday."In view of oversubscription, the Company is pre-closing the public issue of tax free bonds on September 24, 2015," the NTPC has informed BSE.
"By the end of Day 1 ie by 5.00 PM the issue was oversubscribed by 11.04 times of the base issue size of Rs 400 crore and 6.31 times of the overall issue size of Rs 700 crore," the company had said in a statement yesterday.The retail portion was oversubscribed by 6.60 times reflecting a huge confidence of retail investors in the company, it said.
NTPC was among seven state-run entities, including NHAI and IRFC, which were given permission to raise Rs 40,000 crore in the current fiscal through tax-free bonds.
News Must Read
- NCL General Manager (Finance) D Sunil Kumar recommended for SECL Director (Finance)
- Bank of Maharashtra Q4 results, Net Profit increased by 44.95 percent to Rs 1,218 crore
- Axis Bank Overtakes Kotak Mahindra Bank to Become India's Fourth Most Valued Lender
- LIC cuts stakes in major PSU stocks
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station