NTPC to list commercial paper on BSE for an issue size of Rs 1,500 cr

The BSE on Friday said state-owned NTPC has made an application to list commercial papers on the stock exchange for an issue size of Rs 1,500 crore.

After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement.

On Thursday, non-banking financial company Aditya Birla Finance Ltd (ABFL) became the first company to list CP on the two exchanges BSE and NSE.

The move came after the exchanges came out with a framework for listing of CPs in a bid to broaden investors’ participation in such securities.