NTPC receives shareholders' approval to raise up to Rs 12,000 crore

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NTPC receives shareholders' approval to raise up to Rs 12,000 crore - Business Standard

Quick Summary:

The board of directors of the company in its meeting held on 29th June, 2024 has approved the proposal and recommends the passing of the proposed special resolution (for raising up to Rs 12,000 crore in next 12 months), the AGM notice of NTPC had stated.

State-owned power giant NTPC on Friday said it has got shareholders' approval to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

"All resolutions proposed at the 48th Annual General Meeting were passed with requisite majority," the company said in a BSE filing.