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State-owned power giant NTPC has sought shareholders’ approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis domestically for capex, working capital and other corporate purposes.
The special resolution is listed on the agenda of the annual general meeting scheduled for September 20, NTPC said in a BSE filing today.
According to the statement, the company intends to raise Rs 15,000 crore through non-convertible debentures (bonds) up to Rs 15,000 crore in one or more tranches or series not exceeding 30, through private placement, in the domestic market for capital expenditure, working capital and other general requirements.
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Besides, the shareholders would consider a proposal to confirm payment of interim dividend and declare final dividend for 2016-17.
The company has already paid an interim dividend of Rs 2.61 per share and has recommended a final one of Rs 2.17 for 2016-17, which is 143 per cent of the amount paid last year.
The holding of the government in the power generator stands at 69.74 per cent.
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