India’s NTPC may sell up to Rs. 150 billion of debentures for one year

By Susanna Moon

Chicago, Aug. 1 – NTPC Ltd. notified the Bombay Stock Exchange that it plans to issue up to Rs. 150 billion of redeemable debentures.

The issue was approved at a board meeting held Friday, according to a company notice.

The debentures may be secured or unsecured, taxable or tax-free or cumulative or non-cumulative, the release noted.

The notes will be issued during the one-year period beginning Sept. 20, which is the date of the company’s next shareholder meeting.

NTPC is a New Delhi-based power company.

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