NTPC seeks Sebi nod to raise tax-free bonds worth Rs 1,750 cr

Published: 20th November 2013 02:27 PM  |   Last Updated: 20th November 2013 02:27 PM   |  A+A-


SEBI Bhavan, Head Office of Securities and Exchange Board of India in Mumbai. (Image Courtesy Wikimedia Commons)


Country's largest power producer, NTPC, has sought market regulator Sebi's approval to raise up to Rs 1,750 crore through tax free bonds in the current financial year.

"Public issue by NTPC of tax free secured redeemable non-convertible bonds of face value of Rs 1,000 each in the nature of debentures having tax benefits... for an amount aggregating up to Rs 1,000 crore with an option to retain over subscription up to Rs 750 crore for issuance of additional bonds aggregating to a total of up to Rs 1,750 crore in fiscal 2014," as per draft prospectus filed with Sebi.

The funds raised through the issue would be utilised towards funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects.

The lead managers to the issue are ICICI Securities, A K Capital Services, Axis Capital, SBI Capital Markets and Kotak Mahindra Capital Company.

Currently, NTPC has a capacity of nearly 42,000 MW and targets to add about 14,000 MW to its total capacity by the end of 2016-17.


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp