Is my portfolio
One Report to Answer all your Questions!
NTPC Ltd.
BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
364.95
6.40 (1.78%) NTPC to seek shareholders’ nod to raise Rs 15,000 crore through bonds
Date: 22-07-2019NTPC is planning to seek shareholders' approval to raise Rs 15,000 crore through issuance of bonds or debentures on private placement basis in domestic market, in next AGM scheduled to be held on August 21, 2019. The funds raised will be used for capex, working capital and general corporate purposes.
The company will also seek shareholders' approval to increase borrowing limit from Rs 1.5 lakh crore to Rs 2 lakh crore.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.