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NHPC gains on raising funds on private placement basis

NHPC gains on raising funds on private placement basis

Mumbai : NHPC is currently trading at Rs. 24.75, up by 0.20 points or 0.81% from its previous closing of Rs. 24.55 on the BSE.

The scrip opened at Rs. 24.55 and has touched a high and low of Rs. 24.85 and Rs. 24.40 respectively. So far 128809 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 30.10 on 04-Apr-2018 and a 52 week low of Rs. 22.20 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 25.60 and Rs. 24.45 respectively. The current market cap of the company is Rs. 24610.34 crore.

The promoters holding in the company stood at 73.67%, while Institutions and Non-Institutions held 15.87% and 10.46% respectively.

NHPC has issued unsecured, redeemable, non-cumulative, non-convertible, taxable GOI Fully Serviced Bonds (Series-I) on private placement basis. The size of issue is Rs 2017.20 crore and the date of allotment is March 22, 2019 (Deemed Date). The coupon rate is 8 12% p.a. (payable semiannual). The Bonds are proposed to be listed on Wholesale Debt Market (WDM) Segment of National Stock Exchange (NSE).

NHPC is engaged in electric power generation by hydroelectric power plants. The company is also engaged in contracts, project management and consultancy works.

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