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.
Dark Secrets: Politics, Intrigue and Proxy Wars in Kashmir By Iqbal Chand Malhotra Bloomsbury, 277 pages With his latest work, ‘Dark Secrets’, scholar and media personality Iqbal Chand Malhotra continues the investigation he began with
Maharashtra has announced the reopening of schools for classes 1-12 from January 24 with Covid protocols. Education minister Varsha Gaikwad said on Thursday that the government will reopen schools for classes 1-12th with Covid protocols from January 24. “We have also decided to open p
The BrihanMumbai municipal corporation (BMC) has rejected BJP MLA Ameet Satam’s demand in a letter to BMC commissioner Iqbal Chahal to cancel the appointment of Sunil Rathod, deputy chief engineer, building and proposal department, western suburbs, for getting caught red-handed accepting bribe by ACB
Once the schedule for the next assembly elections has been announced, there is a flurry of activity around building caste coalitions. This is more intense in the most populous state, Uttar Pradesh, which is the most important state in India in any election, in view of its large population estimated a
In a competition organised by the Ministry of Housing and Urban Affairs (MoHUA), Pune, Pimpri-Chinchwad, Nagpur and Aurangabad from Maharashtra are among the 11 cities selected for scaling up their pilot projects and creating permanent public infrastructure. #Streets4People Challenge was org
The three Navy personnel who succumbed to injuries caused by an explosion on board Indian Navy`s destroyer ship INS Ranvir have been identified as Krishan Kumar MCPO (master petty chief officer)I, Surinder Kumar MCPO II & AK Singh MCPO II. In a condolence message, Admiral R Hari Kumar s