NTPC to Raise Funds through issue of Non-Convertible Debentures

The shares of the company are trading at Rs 362.15 above 0.33%.

NTPC to Raise Funds through issue of Non-Convertible Debentures

State-owned Public Sector company, NTPC limited to raise funds by issuing Non-Convertible Debentures and Bonds up to Rs 12,000 crore.

According to an exchange filing, it is with this intimated that a meeting of the Board of Directors of the Company is scheduled to be held in New Delhi on Saturday, 29 June 2024 to, inter-alia, consider the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/noncumulative, non-convertible debentures ("Bonds/NCDs") upto Rs.12,000 Crore, subject to approval of shareholders in the ensuing Annual General Meeting, the company stated.

 

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The shares of the company are trading at Rs 362.15 above 0.33%.

At the same time, the market capital is standing at Rs 3.5 lakh crore. The financial year 2024 revenue stood at Rs 47.62T crore, up by 7.6YoY, as of March 2024.

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