NTPC gets shareholders’ nod to raise up to ₹15,000 cr via bonds

NEW DELHI : NTPC on Friday said it has got shareholders’ approval to raise up to ₹15,000 crore through issuance of bonds.

The funds are proposed to be raised on private placement basis in one or more tranches not exceeding 30, as per the company’s notice for the annual general meeting (AGM) held on Thursday.

“The special resolution for AGM which proposed to make offers or invitations to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures up to ₹15,000 crore, was passed with requisite majority in the AGM,” NTPC said in a BSE filing.

The funds would be raised for capital expenditure, working capital and general corporate purposes, in the domestic market.