NTPC to list business paper on BSE for an issue size of Rs 1,500 crore
New Delhi: The BSE on Friday said state-possessed NTPC has made an application to list business papers on the stock trade for an issue size of Rs 1,500 crore.
After the procedure, the compelling date of posting of such papers at the trade will be December 2, the BSE said in an announcement.
On Thursday, non-banking money related organization Aditya Birla Finance Ltd (ABFL) turned into the primary organization to list CP on the two trades BSE and NSE.
The move came after the trades turned out with a system for posting of CPs in an offer to widen financial specialists’ support in such protections.
CP is an unbound currency showcase instrument gave as promissory notes that empower profoundly evaluated corporate borrowers to broaden their wellsprings of transient borrowings and gives an extra instrument to financial specialists.
Business papers can be given for developments between at least 7 days and a limit of as long as one year from the date of issue. CP are typically given at a markdown from face esteem and reflects winning business sector loan costs.