NTPC rises on getting shareholders’ nod to raise up to Rs 15,000 crore via bonds

NTPC is currently trading at Rs. 114.75, up by 0.10 points or 0.09% from its previous closing of Rs. 114.65 on the BSE.

The scrip opened at Rs. 115.10 and has touched a high and low of Rs. 115.15 and Rs. 114.05 respectively. So far 13695 shares were traded on the counter.

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The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 146.25 on 14-Sep-2018 and a 52 week low of Rs. 106.75 on 13-Feb-2019.

Last one week high and low of the scrip stood at Rs. 120.45 and Rs. 113.80 respectively. The current market cap of the company is Rs. 113441.10 crore.

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The promoters holding in the company stood at 56.41%, while Institutions and Non-Institutions held 40.09% and 3.51% respectively.

NTPC has received approval from its shareholders to raise up to Rs 15,000 crore through issuance of bonds and to raise its borrowing limit to Rs 2 lakh crore. The funds raised will be used for capital expenditure, working capital and general corporate purposes.

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NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.