NTPC Limited has informed the Exchange regarding Board Meeting Outcome for Board Meeting Outcome For Raising Of Funds Through Issue Of Non-Convertible Debentures
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NTPC's Board, at its meeting on 21st June 2025, approved the issuance of secured or unsecured, redeemable, taxable or tax-free NCDs (Bonds) worth up to Rs. 18,000 Crore via private placement in the domestic market. The issue will be done in one or more tranches (up to 12 series) over a one-year period, subject to shareholder approval through a Postal Ballot. The cut-off date for the Postal Ballot has been fixed as 20th June 2025, with final terms like coupon rate, tenure, and security to be decided at the time of each tranche. Separately, the Board appointed four cost audit firms — Dhananjay V Joshi & Associates, Niran & Co., R M Bansal & Co., and Chandra Wadhwa & Co. — as Cost Auditors for FY 2025-26.
The Rs. 18,000 Crore NCD raise is a sizeable debt addition for NTPC but avoids any equity dilution, keeping shareholder stakes intact. Coupon rates and use of proceeds will be key to watch, as they will influence the company's interest costs and future earnings.