NHPC Limited has informed the Exchange regarding Board meeting held on July 30, 2025 for the approval of perusal of Key Information Document (KID) for raising of funds through issue of AG Series Bonds up to Rs.2,000 Crore. The other details are given in attached letter.
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NHPC's Board of Directors, at a meeting held on July 30, 2025, approved the Key Information Document (KID) for issuing AG-Series Bonds worth up to Rs. 2,000 crore. The bonds will be unsecured, redeemable, taxable, non-convertible, and non-cumulative in nature. They will be issued in one or more tranches through private placement. This fundraising is part of NHPC's overall borrowing plan for the financial year 2025-26.
Since the bonds are non-convertible and being raised through private placement, there is no dilution of equity for existing shareholders. However, it will add to the company's overall debt and interest obligations, which is in line with NHPC's regular capex-driven borrowing needs.