NTPC Board approves Raising of Funds through issue of Non-Convertible Debentures
The bond issuance would take place through one or more tranches through private placement in domestic market.
Power Sector PSU NTPC Ltd has confirmed through exchange filing that its Board members committee has approved the raising of funds through the issuance of non-convertible debentures and bonds worth Rs 12,000 crore.
The bond issuance would take place through one or more tranches through private placement in the domestic market.
According to the filing, the Board of Directors of the Company has, in its meeting held on Saturday, 29" June 2024, subject to the approval of shareholders, approved the issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ("Bonds/NCDs") up to Rs.12,000 Crore in one or more tranches/series not exceeding 12 (twelve), through private placement in domestic market during the period commencing from the date of passing of special resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2025-26, whichever is earlier.
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The Size, tenure, listing details (BSE and/or NSE), Coupon, Security (if applicable), and other details as applicable will be decided at the time of issue of each tranche/series, it added.
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