NTPC to raise ₹3,000 crore via bonds on Friday
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New Delhi: State-owned power giant NTPC on Tuesday said it will raise Rs3,056.50 crore on Friday through issuance of bonds on a private placement basis.
"NTPC has decided to raise ₹3,056.50 crore on 3 May 2019, (Friday) through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93% per annum with a door-to-door maturity of three years," the company said in a statement.
The proceeds will be utilised to meet capital expenditure requirements, working capital needs, existing loans refinancing and other general corporate requirements.
The bonds are proposed to be listed on both the National Stock Exchange and the BSE. Security for these bonds will be duly created as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein, it added.
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Shares of Housing & Urban Development Corporation (HUDCO) hit a record high of Rs 234.30, zooming 15 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade amid heavy volumes on expectations of good growth going forward. Last week, the Department of Public Enterprises (OPE) granted the Navratna Status to HUDCO.
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Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels.
The stock of GMR Airports reached a 52-week high of Rs 94.30 on February 20, 2024, while it hit a 52-week low at Rs 40 on May 29, 2023.
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