NTPC will raise Rs 4,000 crore through NCD on 9 May – NTPC will Raise Rs 4000 Crore Through NCD on 9 May

Public sector power company NTPC said on Wednesday that it has decided to raise Rs 4,000 crore on May 9 by issuing non-convertible debentures on the basis of private planning.

In the information sent to the stock markets, the company said that it would use this amount for funding of capital expenditure, refinance of existing debt and other general company functioning.

According to the information, NTPC has decided to issue a non-convertible debenture on May 9, 2024 on June 29, 2024 under the approval received through the proposal of shareholders, on May 9, 2025 without a guarantee of Rs 4,000 crore, which will be matured on May 9, 2035 through private planning at 6.84 percent per year’s coupon rate for a period of 10 years.

It states that this is the second issue of debentures under the above approval. It states that debentures are proposed to list the BSE.

First Published – May 7, 2025 | 10:34 pm IST

(Business Standard Staff has changed the headline and photo of this report, the rest of the news has been published without any change from a common news source.)