NHPC will seek shareholders' nod to raise Rs. 2,000 cr
21 Aug 2017 4:42 PM GMT
New Delhi: State-run hydro power giant NHPC on Monday said it will seek shareholders' approval to raise Rs 2,000 crore via issuance of non-convertible debentures on private placement basis at its AGM on September 27.
The special resolution proposes to authorise board to raise Rs 2,000 crore via the secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures/bonds, in one or more series/tranches, aggregating through private placement, in domestic market, NHPC said in a BSE filing on Monday. Besides, the shareholders would also consider the proposal for final dividend at the rate of 1 per cent on the paid up equity share capital.
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