NTPC Ltd shares in focus, firm to issue debentures of Rs 4000 crore
NTPC Ltd to issue Rs. 4,000 crore unsecured non-convertible debentures on 20.03.2025 at 7.26% p.a. for a 15-year tenor, maturing on 20.03.2040.
State-run power unit, NTPC Ltd shares are expected to gain as the company has decided to issue debentures worth Rs 4000 crore.
In line with Corporate Disclosure requirements, we wish to inform you that, NTPC has decided to issue unsecured non-convertible debentures of Rs.4,000 crore on 20.03.2025, through private placement at a coupon of 7.26% p.a. for a tenor of 15 years, maturing on 20.03.2040, under the board resolution dated 29.06.2024 and subsequent approval obtained through shareholders’ resolution dated 29.08.2024, the company stated in an exchange filing.
As per the filing, this is the first issue of debentures under the above-mentioned approval.
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The same will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes, it added.
The debentures are proposed to be listed on NSE. Debenture Trust Deed will be duly executed as per the requirements of and within the period prescribed under the Companies Act and rules specified therein, the company added in the corresponding filing.
Shares of the PSU company were trading higher 1.7 per cent at Rs 337.50 at the time of closing at NSE.
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