NTPC Limited’s board of directors has approved, subject to shareholders’ approval, raising up to Rs 120 billion through the private placement of non-convertible debentures (NCDs) in the domestic market. The funds may be raised in up to 12 tranches within one year from the date of passing of the special resolution or until the next annual general meeting in FY 2027-28, whichever is earlier.
The size, tenure, coupon rate, security structure and listing details for each tranche will be decided at the time of issuance.