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NTPC, the state owned power generator has raised Rs 800 crore through issuing debentures on a private placement basis for capital expenditure.
The company has informed to BSE that “NTPC has raised Rs 800 crore on August 23, 2016 through private placement of secured non-convertible debentures at a coupon of 7.58 percent per annum with a door to door maturity of 10 years.”
The proceeds are going to be utilised for financing capital expenditure/refinancing the debt requirement in on-going projects including recoupment of expenditure already incurred.
