your password has been reset successfully, Please login again.

NHPC ask for shareholder's approval to secure Rs. 2,000 cr via NCDs

To secure Rs 2000 crore NHPC plans to issue non-convertible debentures on a private placement basis but in order to do that the company waiting for shareholder’s approval.
BY BEx Bureau
BusinessEx
Aug 22, 2017

The special resolution proposes to authorise the board to raise Rs. 2,000 crore via secured/unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures/bonds, in one or more series/tranches, aggregating through private placement, in the domestic market, NHPC said in a BSE filing.

Besides, the shareholders would also consider the proposal for a final dividend at the rate of 1% on the paid-up equity share capital. That is 10 paise per equity share.

The board at its meeting held on May 30, 2017, had recommended a final dividend @1% (Re 0.10 per equity share) on the paid-up equity share capital of the company for 2016 17, excluding interim dividend @17% (Rs 1.70 per equity share) paid in January 2017.

The board will also consider a proposal to amend its articles of association of the company so that the board shall have the power to carry out consolidation and re-issuance of its debt securities issued through private placement after compliance of necessary conditions, if any, prescribed under the Act or by regulatory authorities including SEBI, RBI, etc.

Please add your Comment
SIMILAR News
February 19, 2018
Bengaluru-based car rental platform Zoomcar secures $40 million funding from Mahindra and Mahindra t ...More
By Akshay Arora
February 07, 2018
Chennai-based logistics startup Genie acquires food delivery startup Dinein in all stock deal. ...More
By Akshay Arora
February 07, 2018
Joveo raises $5 million from Nexus Venture Partners in Series A funding round. ...More
By Akshay Arora
February 06, 2018
Bengaluru-based healthcare startup healthi secures $3.1 million funding in a round led by Montane Ve ...More
By Akshay Arora
February 06, 2018
RoboticsWare child company FarEye raises Rs.61.5 crore funding in Series C round of funding led by D ...More
By Akshay Arora
February 05, 2018
Energy storage systems ION Energy buys Freemens SAS in part cash and equity deal. ...More
By Akshay Arora
February 05, 2018
Pratilipi raises $4.3 million (Rs.28 crore) funding from Omidyar Network and some new as well as exi ...More
By Akshay Arora
February 01, 2018
Browserstack raises $50 million investment in series A round led by Accel Partners. ...More
By Akshay Arora
February 01, 2018
Education solutions provider iNurture has raised Rs.28 crore funding from VentureEast and its existi ...More
By Akshay Arora
January 30, 2018
Investment platform Groww secures undisclosed amount of funding from Y Combinator, Mukesh Bansal and ...More
By Akshay Arora
January 30, 2018
Bengaluru-based fitness startup CureFit has raised debt financing of $10 million from Axis Bank and ...More
By Akshay Arora
January 30, 2018
Online wedding platform The Wedding Brigade raises Rs.6.35 crore ($1 million) in pre-series A fundin ...More
By Akshay Arora