Announced Fri, 24 Jul · 20:06 IST
Board approves NCD issuance of up to Rs 12,000 Crore
Fund Raising View source PDF
NTPC · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹347.40
prior close
₹353.00
base price
After-mkt
timing
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AI summary
NTPC Board approved raising up to Rs 12,000 Crore through Non-Convertible Debentures via private placement in the domestic market. The NCDs may be secured or unsecured, redeemable, taxable or tax-free, cumulative or non-cumulative, issued in up to 12 tranches within one year or until the next AGM in FY27-28, whichever is earlier. Coupon rate, tenor and other terms will be decided per tranche.
Likely market impact
Adds debt to capital structure; no equity dilution as NCDs are non-convertible. Watch coupon rates for borrowing cost impact.