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According to the power giant NTPC,the company has received shareholder’s approval for raising Rs.15,000 crore through non-convertible bonds, on private placement basis.
NTPC in a BSE filing stated,the special resolution, listed on the agenda of the annual general meeting held,was passed by the required majority.
The company will be raising Rs.15,000 crore by way of non-convertible debentures(bonds)up to Rs.15,000 crore in one or more tranches or series not exceeding 30,by way of private placement, in the domestic market for capital expenditure, working capital and other general requirements.
