Tuesday , October 19 2021

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.

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.

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.

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.

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