This Article is From Sep 19, 2015

NTPC Gets Shareholders Nod to Raise Rs 5,000 Crore

NTPC Gets Shareholders Nod to Raise Rs 5,000 Crore

New Delhi: State-run NTPC Ltd today said its shareholders have approved the proposal to raise Rs 5,000 crore through issuance of bonds or debentures on private placement basis.

The company had tabled a special resolution to raise the amount of Rs 5,000 crore through issue of bonds/debentures on private placement basis in its annual general meeting held on September 18.

"All the resolutions... as set out in the notice of 39th Annual General Meeting were duly approved by the shareholders with requisite majority," NTPC said in a regulatory filing.

In a separate filing, NTPC said the shareholders have approved final dividend of Rs 1.75 per share for the financial year 2014-15.

"The total dividend (including interim dividend) for the 2014-15 is Rs 2.50 per share (face value Rs 10 each)," it said.

The installed capacity of NTPC is 45,548 MW.