State-owned NTPC ltd has sought shareholders' approval to raise Rs5,000 crore through issuance of bonds/debentures on private placement basis in its annual general meeting next month.
“The company seeks shareholders' approval to raise funds up to Rs5,000 crore through issuance of bonds/debentures on private placement basis in one or more tranches in domestic market,” NTPC said in a BSE filing.
According to the statement, the company will table a special resolution to raise the amount of Rs5,000 crore through bonds in it Annual General Meeting on September 18. Major portion of capital expenditure requirement of the company has to be funded by debt, NTPC said.