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Bids amounting to Rs 1,495 crore has been received by NTPC for its taxable secured non convertible debentures issue of Rs 500 crore.
The company has said in a statement that to meet its capital expenditure requirements, NTPC Ltd has invited bids for its series 63 of taxable secured non convertible debentures on electronic bidding platform of Bombay Stock Exchange.
The statement further said that “Bids amounting to Rs 1,495 crore were received from 15 participants against issue size of Rs 500 crore with greenshoe option having bullet maturity of 10 years.”
It further has said that bid book was closed in 15 minutes flat with issue oversubscribed by 3 times.
