Loan & Debt24 Jul 2026, 08:10 pm
NTPC Ltd to Raise up to ₹12,000 Crore via NCDs
AI Summary
NTPC Ltd announced that its Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) up to ₹12,000 Crore. This fundraising will be conducted through private placement in the domestic market, in one or more tranches, over a period of one year from the passing of a special resolution or until the next AGM, whichever is earlier. The specific details regarding the size, tenor, coupon rate, and security of each tranche will be determined at the time of issuance. This move is subject to shareholder approval.
Key Highlights
- Board approved raising funds via Non-Convertible Debentures.
- Total fundraise target is up to ₹12,000 Crore.
- Issuance will be through private placement in tranches.
- Shareholder approval is required for the NCD issue.
- Details like coupon rate and tenor to be decided per tranche.
Price Impact
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