NTPC Bonus Debentures Record Date

Hi I would like to know the date on which National Thermal Power Corporation had announced the issue of bonus debentures?

[Pathak]

NTPC announced March 23rd as the record date for its debenture issue.

NTPC will be issuing these debentures to every one of its shareholders in the proportion of 1:1, which implies a shareholder will get one debenture of face quality Rs. 12.50 for each one value offer of Rs. 10 each held in the organization on the record date. The offer cost of the organization was up 6% in Thursday's exchanging session before at long last getting shut 3.87% higher at Rs. 159.70.

The organization reported its arrangements to issue such debentures a year ago on December 23rd. After the shareholders' endorsement to issue these extra debentures, the service of corporate undertakings (MCA) on Wednesday affirmed NTPC's arrangement to remunerate its shareholders by issuing these extra debentures.

Elements of NTPC's Debentures

Coupon Rate – Though its coupon rate has not been revealed up 'til now, it will be 50 premise focuses or 0.50% higher than the normal 10-year government security (G-Sec) rate. e.g. On the off chance that the normal G-Sec rate is 7.7%, the debenture holder will get 8.2% hobby every year for the following 10 years.

Development Period – The debentures will be issued for a term of 10 years, however will be reclaimed toward the end of eighth, ninth and tenth year in the proportion of 20% (or Rs. 2.50 for each debenture), 40% (or Rs. 5 for every debenture) and 40% (or Rs. 5 for each debenture) separately.

Nature of Debentures – These debentures will be secured, non-total, non-convertible, redeemable and assessable according to the expense section of the speculator.

Posting – The debentures will be recorded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to give adaptability to its financial specialists to adapt their holding anytime of time amid its span of 10 years.