NTPC rises post fund raising plan

NTPC is planning to raise funds worth US$150 million in foreign currency term loan to finance its capital expenditure.

The company invited offers for arranging of a term loan in Japanese yen for an aggregate amount of US$150 million equivalent with a green shoe option to retain over-subscription up to US$250 million equivalent on October 18. The loan will be for a minimum term of 10 years and will be repayable in three equal instalments starting from the ninth year.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

In the last one week, the scrip hit a high and low of Rs. 166.00 and Rs. 162.25, respectively. The current market cap of the company is Rs. 1,34,813.34 crore

The promoters holding in the company was at 61.77 per cent, while Institutions and Non-Institutions held 35.14 and 3.09 per cent, respectively.

During Friday’s trade, the stock opened at Rs. 162.60 per share and touched a high/low of 165.20/162.60 and at 11:28 am, the stock was quoting at Rs.163.45 per share.