NTPC: Power giant seeks shareholder's nod to raise up to Rs...

NTPC: Power giant seeks shareholder's nod to raise up to Rs 18,000 crore via bonds; voting begins 24 June

Posted

NTPC, the state-owned power giant, plans to raise up to ₹18,000 crore through private placement of bonds or non-convertible debentures (NCDs) in the domestic market. A postal ballot notice has been issued to seek shareholders’ approval via e-voting for the fundraising. The funds will support NTPC's aggressive capacity expansion, working capital needs, and other corporate purposes.

Read Full Article

Please log in to like, share and comment!