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
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta