NHPC gets shareholders' nod to raise Rs. 2,000 crore via bonds

Update: 2017-09-28 16:49 GMT
New Delhi: State-run hydro power giant NHPC on Thursday said its shareholders have approved the proposal to raise Rs 2,000 crore via issuance of non-convertible debentures on private placement basis. The special resolution 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 was passed by the requisite majority, NHPC stated in a BSE filing. Besides, the shareholders approved the proposal for final dividend at the rate of 1 per cent on the paid up equity share capital, that is 10 paise per equity share. 

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