NHPC Ltd - 533098 - Outcome of Board Meeting
In reference to our letter of even number dated 11.09.2019 and in compliance to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that the Board of Directors of NHPC Limited in its meeting held today i.e. Tuesday, September 17, 2019 (commenced at 11.00 A.M and concluded at 1.50 P.M.) has approved the proposal for raising of Debt up to Rs 2500 crore during financial year 2019-20 through secured, redeemable, taxable, non-cumulative non-convertible taxable Corporate Bonds in one or more series/tranches on private placement basis and/or raising of Term loans /Inter-corporate loans / External Commercial Borrowings (ECB) in suitable tranches. The Board also decided that out of Rs 2500 crore, debt up to Rs 2000 crore be raised in first tranche and balance debt of Rs 500 crore be raised after the completion of exercise for recovery of dues from beneficiaries and monetization of under-utilised fixed assets.17-09-2019
