NTPC Ltd.

State-run National Thermal Power Corporation (NTPC) will issue bonus debentures of Rs 10,360 crore against the company’s free reserves. As of March 31, 2014, the company has cash worth Rs 72,418 crore. Existing shareholders will get one fully paid-up bonus debentures having face value of Rs 12.50 against each equity share of Rs 10 face value. Coupon rate on the debenture will be 50 basis points higher than the annualised average 10-year G-Sec yield.

The government holds 75% equity in the country's largest power generator. The issue of debentures will help the company to improve its return on equity (RoE).

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.