NTPC board approves ₹12,000 cr NCD issuance
pre-market1 source ↓written by the desknot a recommendation
- through non-convertible debentures
- ₹12,000 cr
State-run power giant NTPC's board has approved raising up to ₹12,000 cr through non-convertible debentures (NCDs). This issuance will occur in one or more tranches via private placement in the domestic market, with the period starting from the passing of the special resolution until the next AGM in FY 2027-28.
This move aims to bolster NTPC's financial flexibility and support ongoing projects, potentially enhancing investor sentiment in the power sector. ⚡
Not investment advice. For informational purposes only.