NTPC seeks shareholder approval for INR 180bn bond issuance

NTPC Limited announced its plan to seek shareholder approval for raising funds through the issuance of secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures ("Bonds/NCDs") up to INR 180 billion. The company intends to complete this raising through private placement in the domestic market. The period for raising funds will commence from the date of passing of the special resolution until completion of one year thereof. As per the announcement, the remote e-voting will commence on June 24, 2025, and conclude on July 23, 2025. In a separate announcement, NTPC disclosed that Shri Nasaka Srinivasa Rao, Executive Director, will superannuate on June 30th, 2025.