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NTPC Ltd.
BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
345.60
-10.20 (-2.87%) NTPC’s taxable secured bond issue oversubscribed 3 times
Date: 15-09-2016NTPC, the largest power generator in the country, has received bids amounting to Rs 1,495 crore for its taxable secured non convertible debentures issue of Rs 500 crore.
The company had invited the bids for its series 63 of taxable secured Non Convertible Debentures (NCDs) on electronic bidding platform of Bombay Stock Exchange (BSE) in order to meet its capital expenditure requirements. The bid book was closed in 15 minutes flat with issue oversubscribed by 3 times.
NTPC is an Indian central Public Sector Undertaking (PSU) under the Ministry of Power, Government of India, engaged in the business of generation of electricity and allied activities.