NTPC Ltd (NTPC.NS)
- Note: Reuters has not verified this story and does not vouch for its accuracy
MUMBAI, March 20 - Indian shares fell on Friday, heading for a second consecutive weekly fall, as blue-chips such as ICICI Bank declined on worries that stocks have gone ahead of underlying anaemic earnings growth.
** Company declared bonus debentures with face value of 12.50 rupees each on March 12
** NTPC and Coal India January futures trading at discount to cash shares on hopes of interim dividends
** India's NTPC Ltd has proposed to issue non-convertible, fully paid up bonus debenture of 12.5 rupees face value for every equity share ** Tradable debentures will provide government funding of nearly 77.29 billion rupees ($1.22 bln) - Reuters calculations ** Government of India holds 75 pct in NTPC - BSE data ** The debenture issue will also lead to higher RoE as money would reduce free reserves and increase debt ** Company's RoE on common equity was 13.2 pct in FY14 - Eikon
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.
Lead Manager(s) Barclays, Citigroup, Deutsche Bank, HSBC &