NTPC seeks shareholders’ nod to raise up to Rs 120 billion via bonds

NTPC Limited will seek shareholders’ approval to raise up to Rs 120 billion through issuance of non-convertible debentures in annual general meeting on August 30, 2022.

The funds to be raised in one or more tranches (not exceeding 12) through private placement will be used as capital expenditure, working capital and for general corporate purposes. As the company is under capacity expansion mode, major portion of the capital expenditure requirement has to be funded by debt.