NTPC plans to seek shareholders’ nod to raise up to Rs 150 billion through issuance of bonds in the annual general meeting (AGM) scheduled for next month.
The funds are proposed to be raised on a private placement basis in one or more tranches not exceeding 30, as per the company’s notice for the AGM. The special resolution for AGM proposes to make offers or invitations to subscribe to the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures up to Rs 150 billion.