NTPC bond issue receives thumping response

In the first 10 minutes of opening of the issue itself, subscription for the entire offering of Rs 4,000 crore was received

GN Bureau | January 24, 2019


#NTPC   #stock market   #BSE   #Sensex   #NSE   #Nifty   #private placement  

NTPC’s Series 67 bond issue through private placement, whose bidding took place recently, has received overwhelming response from the investors.

 
Against an issue size of Rs 500 crore with green shoe option to retain over subscription upto Rs 3,500 crore, bids of Rs 12,520 crore were received.
 
In the first 10 minutes of opening of the issue itself, subscription for the entire offering of Rs 4,000 crore was received.
 
The enterprise has decided to exercise the green shoe option to retain additional amount of Rs 3,500 crore. The bonds would be listed on NSE and BSE.

Comments

 

Other News

Reinvigorating reinsurance

After the liberalisation of the insurance industry in 2000, private firms (mostly in partnerships with foreign firms) have readily taken to the sector. Till FY18 there were 23 private firms in the life insurance sector and 21 in general insurance segment. However, it was only in 2016-17 that the first priv

Portrait of a scholar-activist as a young student

[Kancha Ilaiah Shepherd, scholar and dalit activist, has penned his autobiography which is more than just the life-story of an individual but promises to become a document for a generation and a community. We reproduce below an excerpt, with the permission of the publishers, where he talks about his yo

Informal power

Villages without power supply are easy to find though the government says there are none. The lines are laid, but many villagers are too poor to pay for electricity. BPL (below poverty line) families, entitled to free supply, are waived the installation charge. But they don’t have money to wire their

Vande Bharat halts midway near Tundla

In a major embarrassment to the railways, the much touted Vande Bharat Express developed a technical snag at Chamraula, 15 kms from Tundla junction.   Prime Minister Narendra Modi flagged off the train on Friday from New Delhi station.    The train was

PM flags off India’s first semi high-speed train

Indian Railways entered a new era as prime minister Narendra Modi on Friday flagged off the country’s first semi high-speed train, Vande Bharat Express, from the New Delhi railway station. The new train is also seen as a success story of the NDA government’s ‘Make in India’

Estonia eyes on more e-Residents from India to open startups

Riho Kruuv, Ambassador of the Republic of Estonia talks to Vishwas Dass on key issues like the importance of e-Residency programme of the Government of Estonia and why Estonia is becoming a preferred investment destination for Indian startups and budding entrepreneurs. The Ambassador says Estonia offer

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter