Largest ever Bonus Debenture Issue of Rs 10307 crore by NTPC

Sarkaritel
By Sarkaritel March 31, 2015 11:01

Largest ever Bonus Debenture Issue of Rs 10307 crore by NTPC


NTPC Ltd. has issued, by way of bonus, one fully paid-up, secured debenture of Rs. 12.50 each, for every one fully paid-up equity share of Rs. 10 held by its shareholders. This is the largest ever Bonus Debenture Issue of Rs 10307 crore in India and the issue created the largest Debenture holders base of over 7 lakh investors thus adding depth to debt market.

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In order to mark the historic occasion, a replica of the Certificate of Bonus Debenture was presented by CMD and other members of the Board of NTPC to the Hon’ble Minister of Finance, in the presence of Minister of Power on Thursday, 26th March, 2015.

NTPC became the first PSU and First Maharatna to undertake such innovative capital restructuring exercise.

Sarkaritel
By Sarkaritel March 31, 2015 11:01