NTPC has moved higher by 7% to Rs 165 on the National Stock Exchange (NSE) after the company announced that it has fixed March 23, 2015, as the record date for bonus debentures.
In December last year, the board of state-run NTPC had approved a scheme of arrangement for the issuance of secured, non-cumulative, non-convertible, redeemable, taxable fully paid-up bonus debentures of face value of Rs 12.50 each against each equity shares of Rs 10 held by its members by utilising its free reserves.