NTPC gets nod to raise up to Rs 15,000 cr, hike borrowing limit
New Delhi: State-run power giant NTPC on Thursday it has got shareholders’ approval to raise up to Rs 15,000 crore through issuance of bonds and to raise its borrowing limit to Rs 2 lakh crore.
The company got shareholders’ nod through a special resolution to raise funds up to Rs 15,000 crore through issue of bonds/debentures on private placement basis in the domestic market at its annual general meeting (AGM) held on Wednesday, it said in a BSE filing.
According to the AGM notice, the funds raised will be used for capital expenditure, working capital and general corporate purposes.
