NTPC seeks shareholders’ nod to raise Rs 18,000 cr via bonds

New Delhi: State-owned NTPC NSE 0.43 % will seek shareholders’ approval to raise Rs 18,000 crore through the issuance of bonds or debentures in its annual general meeting on September 28. NTPC has proposed to raise funds up to Rs 18,000 crore through the issue of bonds/debentures on a private placement basis, said a notice for the AGM.

In addition to capital expenditure requirement, the company also needs to borrow for meeting its working capital requirement and other general corporate purposes, which is partly proposed to be met through the issuance of non-convertible bonds, it added.