NTPC seeks Sebi nod to raise tax-free bonds of Rs 1,750 cr

Written By Unknown on Rabu, 20 November 2013 | 23.25

Nov 20, 2013, 04.31 PM IST

Currently, NTPC has a capacity of nearly 42,000 MW and targets to add about 14,000 MW to its total capacity by the end of 2016-17.

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NTPC seeks Sebi nod to raise tax-free bonds of Rs 1,750 cr

Currently, NTPC has a capacity of nearly 42,000 MW and targets to add about 14,000 MW to its total capacity by the end of 2016-17.

Like this story, share it with millions of investors on M3

NTPC seeks Sebi nod to raise tax-free bonds of Rs 1,750 cr

Currently, NTPC has a capacity of nearly 42,000 MW and targets to add about 14,000 MW to its total capacity by the end of 2016-17.

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Country's largest power producer, NTPC , has sought market regulator Sebi's approval to raise up to Rs 1,750 crore through tax free bonds in the current financial year.

"Public issue by NTPC of tax free secured redeemable non-convertible bonds of face value of Rs 1,000 each in the nature of debentures having tax benefits... for an amount aggregating up to Rs 1,000 crore with an option to retain over subscription up to Rs 750 crore for issuance of additional bonds aggregating to a total of up to Rs 1,750 crore in fiscal 2014," as per draft prospectus filed with Sebi.

Also read: BHEL bags Rs 1,300 cr NTPC contract

The funds raised through the issue would be utilised towards funding of capital expenditure and refinancing for meeting the debt requirement in on-going projects. The lead managers to the issue are ICICI Securities, A K Capital Services, Axis Capital, SBI Capital Markets and Kotak Mahindra Capital Company.

Currently, NTPC has a capacity of nearly 42,000 MW and targets to add about 14,000 MW to its total capacity by the end of 2016-17.


NTPC stock price

On November 20, 2013, NTPC closed at Rs 154.15, down Rs 0.85, or 0.55 percent. The 52-week high of the share was Rs 169.20 and the 52-week low was Rs 122.65.


The company's trailing 12-month (TTM) EPS was at Rs 14.55 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 10.59. The latest book value of the company is Rs 97.49 per share. At current value, the price-to-book value of the company is 1.58.

Tags: NTPC, tax free secured redeemable non-convertible bonds, ICICI Securities, , A K Capital Services, Axis Capital, SBI Capital Markets , Kotak Mahindra Capital Company, 42, 000 MW, 14, 000 MW

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