Key Developments: NTPC Ltd (NTPC.BO)

NTPC.BO on Bombay Stock Exchange

25 Nov 2014
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Latest Key Developments (Source: Significant Developments)

NTPC Ltd Announces Term Loan Agreement
Wednesday, 6 Feb 2013 12:07am EST 

NTPC Ltd announced that the Company has signed on January 29, 2013, a term loan agreement for USD250 million with State Bank of India, New York Branch and Mizuho Corporate Bank, Limited., Singapore Branch as Arrangers and Lenders. The proceeds of the loan shall be utilized towards capital expenditure for procurement of goods and services for the ongoing and new projects and renovation and modernization of stations of the Company. The loan carries a floating rate of interest linked to LIBOR and has a door to door maturity of seven years.  Full Article

NTPC Ltd Stake Sale On February 7; Price Likely To Be At INR145 Per Share-CNBC-TV18
Tuesday, 5 Feb 2013 11:18am EST 

CNBC-TV18 reported that the government will sell 9.5% stake in power producer NTPC on February 07, 2013 at a likely price of INR145 per share, nearly 7% discount to the current market price. The NTPC disinvestment, is expected to garner about INR12,000 crore (INR120 billion) for the exchequer. Sources said that price for stake sale is likely to be fixed at INR145 per share. This would be a discount of nearly 7% to February 05, 2013 closing price of INR155.60 apiece on BSE.  Full Article

EGoM To Decide On NTPC Ltd Stake Sale-CNBC-TV18
Monday, 4 Feb 2013 05:39am EST 

CNBC-TV18 reported that Empowered Group of Ministers (EGoM) chaired by Finance Minister P Chidambaram is expected to meet here on February 05, 2013 to decide on time and price of 9.5% stake sale in power major NTPC which could fetch INR12,000 crore (INR120.0 billion) to the exchequer. The Department of Disinvestment (DoD) had successfully completed 10% stake sale in Oil India (OIL) through the auction route last week raising over INR3,113 crore (INR31.13 billion) for the government.  Full Article

India Shortlists Goldman Sachs Group Inc, Citigroup Inc And Others For NTPC Ltd Share Sale-Reuters
Sunday, 6 Jan 2013 02:17am EST 

Reuters reported that India has shortlisted six banks, including Goldman Sachs Group Inc, Citigroup Inc and Morgan Stanley, for a selldown of state shares worth $2.3 billion in power producer NTPC Ltd. Others shortlisted by the Indian government's department of disinvestment for the NTPC Ltd offering are Deutsche Bank AG and India's SBI Capital Markets and Kotak Mahindra Capital. India's cabinet approved a 9.5% stake sale in NTPC in November to help rein in its ballooning fiscal deficit. At current market price, the sale could raise as much as $2.3 billion for the government. The NTPC stake sale is likely to be completed by the end of this month.  Full Article

NTPC, Axis revel in Indian credit rally

SINGAPORE, Nov 21 (IFR) - Two Indian issuers sold US dollar bonds this week at their lowest credit spreads so far, in the latest sign that surging demand for Indian assets is luring more companies to the international markets.

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