NEW DELHI: State-run power major NTPC Ltd on Saturday said its board has approved a proposal to raise up to Rs 18,000 crore through issuance of non-convertible debentures (NCDs) or bonds via private placement in the domestic market.
According to a regulatory filing, the company’s board gave its nod during a meeting held earlier in the day, and also cleared a draft notice for a postal ballot to seek shareholder approval for the fundraising plan, PTI reported.