NTPC to raise $750 million from BoB, HDFC
Of this $500 million was raised from Bank of Baroda (BoB) and $250 millon from HDFC Bank. The deal was executed through the IFSC banking units of BoB and HDFC in GIFT City. Loan proceeds will be used for financing of NTPC's capital expenditure.
By ET Bureau | Updated:
Agencies
Mumbai: NTPC, India's largest power producer, has signed an agreement to raise $750 million external commercial borrowing term loan (base issue of $500 million and greenshoe of $250 million) of 10 years.
Of this $500 million was raised from Bank of Baroda (BoB) and $250 millon from HDFC Bank. The deal was executed through the IFSC banking units of BoB and HDFC in GIFT City. Loan proceeds will be used for financing of NTPC's capital expenditure.
Of this $500 million was raised from Bank of Baroda (BoB) and $250 millon from HDFC Bank. The deal was executed through the IFSC banking units of BoB and HDFC in GIFT City. Loan proceeds will be used for financing of NTPC's capital expenditure.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
Related Articles
NTPC Q2 Results: Standalone profit rises 14% YoY to Rs 5,320 crore; revenue up 17%2026-10-31T11:27:35Z- NTPC Green Energy Q2 Results: Profit jumps 56% YoY to Rs 137 crore, revenue rises 53%2026-10-30T13:13:34Z
- ACME Solar shares rally 5% after Q2 profit jumps over 100%, signs 400MV agreement with NTPC2026-10-29T08:28:42Z
ADVERTISEMENT
