NTPC spurts 2%; gets nod to raise Rs.15,000 cr

India Infoline News Service | Mumbai | September 22, 201616:28 IST

The company received shareholders’ approval to raise up to Rs 15,000 crore through issuance of debentures/bonds on private placement basis.

NTPC
NTPC Ltd ended at Rs. 157, up by Rs. 3 or 1.95% from its previous closing of Rs. 154 on the BSE. The company received shareholders’ approval to raise up to Rs 15,000 crore through issuance of debentures/bonds on private placement basis. The funds would be raised in one or more tranches/series not exceeding 30, through private placement, in domestic market for capex, working capital and general corporate purpose.

The scrip opened at Rs. 155 and has touched a high and low of Rs. 157.4 and Rs. 155 respectively. So far 2713773 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 126980.08 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 169.95 on 19-Aug-2016 and a 52 week low of Rs. 116.8 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 157.05 and Rs. 152 respectively.

The promoters holding in the company stood at 69.96 % while Institutions and Non-Institutions held 27.87 % and 2.17 % respectively.

The stock is currently trading below its 50 DMA.
BSE 156.90 [0.10] ([0.06]%)

***Note: This is a NSE Chart

 

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