NTPC plans to raise Rs 1000cr via bonds issue; files DRHP
NTPC a largest power producer in India has filed the draft prospectus for its public issue of tax-free secured redeemable non-convertible bonds of a face value of Rs 1,000 each, aggregating up to Rs 1,000 crore.
November 20, 2013 / 16:32 IST
NTPC A Government of India Enterprise company has filed the draft prospectus for a public issue of tax-free secured redeemable non-convertible bonds of a face value of Rs 1,000 each in the nature of debentures having tax benefits, aggregating up to Rs 1,000 crore.
The company is the largest power producer in India in terms of both installed capacity and generation, with aggregate installed capacity of 41,184 MW (including 35,820 MW through directly owned units and 5,364 MW through Subsidiaries and Joint Ventures), representing market share of 18.44% of India’s total installed capacity as on March 31, 2013.Also Read: Muthoot Finance NCD issue opens for subscriptionThe object of the issue is to utilize the fund for, inter alia, funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects, including recoupment of expenditure already incurred.The bonds are proposed to be listed on BSE and NSE."[ICRA] AAA (Stable)" and "AAA" are the credit ratings assigned to the bond by ICRA & CRISIL respectively.A. K. Capital Services Limited, Axis Capital Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited will be the lead managers to the issue. However Karvy Computershare Private Limited has appointed as a registrar. 
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