The public sector power utility, NTPC said on Monday that it has raised Rs 4,300 Crores via bonds adding to which the company added, all of these collected funds will be used for capital expenditure and general corporate requirements.
The company further added that the bond for NTPC received bids of Rs 9,359.90 crore against a base size of Rs 500 with a greenshoe option to retain oversubscription of up to 4,000 crores and a tenure of 10 years.
The bonds will be listed on the National Stock Exchange and the BSE. The bidding procedure for the bond took place on the BSE’s electronic debt bidding platform between 10:30 am to 11:30 am.
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NTPC shares fell 0.23 per cent to Rs 127.90 apiece on the BSE while the benchmark Sensex gained 0.41 per cent to end the day at 38,896.71 points on Monday.