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India’s NTPC to consider Rs. 150 billion debenture program
New York, July 26 – NTPC Ltd. said that its board of directors will consider the issuance of up to Rs. 150 billion of redeemable non-convertible debentures.
If approved at a meeting scheduled for July 29 and then at an annual general meeting, the company will be able to issue the debt for a period of one year or until the next annual general meeting, according to a notice filed with the Bombay Stock Exchange.
The proposed debentures may be sold as either secured or unsecured, taxable or tax-free and cumulative or non-cumulative.
NTPC is a New Delhi-based power company.
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