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 concept of the ‘Rule of Law’ is the basic structure of our constitution. It becomes imperative to observe the rule of law in order to run the country according to the constitutional provisions. However, in reality, often politicians with criminal records get elected and even become part of
The Citymakers: How Women Are Building a Sustainable Future for Urban India, published by Hachette India this month, narrates the genesis and journey of the Mahila Housing SEWA Trust (MHT), set up in 1994 to respond to t
Coming down heavily on the government for economic de-growth and job losses, Congress national spokesperson Supriya Shrinate has said that even before the Covid pandemic struck, the economy had been falling down for eight consecutive quarters. The former journalist said that while the
The ministry of home affairs (MHA) on Wednesday issued an ‘Order with Guidelines for Surveillance, Containment and Caution’, effective for the month of December, noting that “to fully overcome the pandemic, there is need to maintain caution and to strictly follow the prescribed containmen
The scheme of amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL) has been approved by the union cabinet on Wednesday. On November 17, to protect depositors’ interest and in the interest of financial and banking stability, on RBI’s application und
Education is one of the primary requisites that contribute to the holistic development process of self and society. Article 21A of the Constitution considers “free and compulsory education of all children in the age group of six to fourteen years as a Fundamental Right.” In India, the majority