Team News Riveting
New Delhi, July 29
National Thermal Power Corporation (NTPC) Limited will raise Rs 12,000 crore through the issuance of non-convertible debentures (NCDs).
The Board of Directors of the Company has approved the proposal in the meeting held today. “The Board of Directors of the Company have, subject to the approval of the shareholders, approved issue of secured/
unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (“Bonds/NCDs”) up to Rs 12,000 Crore in one or more tranches/series not exceeding 12 (twelve), through private placement in domestic market during the period commencing from the date of passing of Special Resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2023- 24 whichever is earlier,” the company said in a regulatory filing.
The Board also took on record and approved the un-audited financial results of the company for the quarter ended June 30.
