Board approves NCD issuance of up to Rs 12,000 Crore

Fund Raising View source PDF Explain this filing

NTPC · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.7%Reaction day

₹347.40

prior close

₹353.00

announcement price

After-mkt

timing

Nifty 100market+1.0%-0.3% vs market

Power Generation peers, median of 28sector-0.5%+1.2% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty 100 and 1.2 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.7

15m

-0.8

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.7+1.0-0.3-0.5+1.2

Next day

-1.2+0.8-2.1-1.4+0.2

-1.1+1.9-2.9-1.0-0.1

-0.6+2.1-2.8-1.3+0.7

-0.2+2.6-2.8-0.7+0.5

+1.0+4.2-3.2+0.4+0.6

+0.2+3.6-3.4-0.0+0.3

15d

-3.0+2.5-5.5-1.5-1.5

-5.2+1.8-7.0-3.7-1.5

-7.6-3.8-3.8-7.3-0.3

-13.1-4.6-8.5-13.4+0.2

UpDownMarket · Nifty 100Sector · Power Generation peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.