NTPC tax-free bond issue to open today
NTPC on Monday said its bond issue to raise up to R1,750 crore will open on Tuesday. This is the state-run company's first bond issue after a gap of over 20 years. "The issue will open on December 3, 2013, and is scheduled to close on December 16, 2013," CMD Arup Roy Choudhury said in the Capital at a company's conference. Under the offer, the firm will issue tax-free secured redeemable non-convertible bonds. "The base issue size aggre-gates to R1,000 crore with an option to retain over-subscription up to R750 crore for issuance of addi-tional bonds," it said.
Apollo Munich unveils first diabetes policy
Apollo Munich Health Insurance Company, JV between Apollo Hospitals group and Munich Health of Munich Re group, on Mon-day announced the launch of a dedicated policy for diabetes patients in India — a first by an insurer. Apollo Munich's ambassador
Sourav Ganguly launched the policy called 'Energy' at a function in Chennai. It will offer coverage from the day the patient gets insured for diabetes. Ravi Viswanath, CMO, said the policy covers the 18-65 age group of pati-ents with type-II diabetes and they can take coverage from R2 lakh to R10 lakh.