NTPC has become India’s first quasi-sovereign enterprise to list at India INX
GN Bureau | February 2, 2018
Country’s largest power producer NTPC has listed its USD 6 billion (around Rs 40,000 crore) medium-term note (MTN) programme on India International Exchange at IFSC, GIFT City (India INX).
With this, NTPC has become India’s first quasi-sovereign enterprise to list at India INX. The listing was done on January 24 on the Global Securities Market of India INX; India’s first international exchange.
It will help NTPC raise funds at lower costs from international investors and also allow foreign investors to access good quality Indian debt paper.
“This is NTPC’s first listing at India International exchange and we are very happy to be part of India INX at IFSC, GIFT city. Now, for the first time in India, we have the opportunity to reach out to international investors to raise funds using a wide variety of products and currencies, in a similar manner, as available in other international markets. We are excited with this new development and look forward to partnering with India INX in years to come,” NTPC CMD Gurdeep Singh said.
The cabinet has cleared the formation of ‘National Asset Reconstruction Company Limited’ (NARCL) which will acquire “stressed assets” of about Rs. 2 Lakh crore in phases within RBI regulations in order to address the problem of humongous amounts of bad loans in public sector banks.
When consumer rights and RTI activist Mohammad Afzal was shifting to a new residence in a different area, he required changes in various documents. He decided to take the help of the Citizens Charter along with other friends who also required similar work with authorities. The Citizens Chart
Union Minister for Ports, Shipping & Waterways and AYUSH, Sarbananda Sonowal has underlined the importance of cross-border connectivity among India and developing nations of South-East Asia. Addressing the ASEAN summit on Future of India-ASEAN Connectivity Partnerships virt
The Department of Economic Affairs (DEA), Ministry of Finance and the Indian Institute of Management Bangalore has organised a virtual advance level training programme on Public-Private Partnership. Additional Secretary DEA, K Rajaraman, Joint Secretary, DEA, Baldeo Purushartha
Modernisation of the Agriculture sector will continue by infusing new technologies so that farmers can increase their income, states Agriculture Minister Narendra Singh Tomar. The Ministry of Agriculture and farmer welfare has signed MOUs for pilot projects with Cisco, Ninjacar
The Vice President, M. Venkaiah Naidu has stressed the need to create an enabling ecosystem for R&D for India to become a developed nation. He urged educational institutions to have an incr