NTPC to Raise Rs 700 Crore via Tax Free Bonds

New Delhi: State-run power utility NTPC will raise up to Rs 700 crore through tax free secured non-convertible bonds. The government has approved the company's raising Rs 1,000 crore through tax free bonds, including Rs 700 crore through public issue. "In pursuance of the notification of (government) dated July 6, 2015 authorising the Company to raise a fund of Rs 1,000 crore during the fiscal 2016, of which at least 70 per cent of...