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NTPC, Oben Electric and Avaana Capital raise funds

Author: PPD Team Date: 20/06/2025

Three companies—NTPC Limited, Oben Electric, and Avaana Capital—have announced fundraises aligned with infrastructure, clean mobility, and sustainability-linked investments.

NTPC raises Rs 40 billion via NCDs
NTPC Limited has raised Rs 40 billion through the private placement of unsecured, non-convertible debentures (NCDs). The debentures carry a coupon rate of 6.89 per cent per annum and a tenor of 10 years and 1 day. This is the third issuance under its approved framework. The funds will be used for capital expenditure, refinancing of existing loans, and general corporate purposes. The NCDs are proposed to be listed on the National Stock Exchange.

Oben Electric secures Rs 1 billion in Series A round
Electric two-wheeler manufacturer Oben Electric has raised Rs 500 million in an extended Series A funding round. This builds on the Rs 500 million secured in January 2025, bringing the total Series A funding to Rs 1 billion. New and existing investors, including Helios Holdings, the Sharda family office, and the Kay family, participated. The funds will support expansion plans, new product development, and scaling of manufacturing capacity. With this round, Oben Electric’s total capital raised stands at Rs 2 billion.

Avaana Capital receives first drawdown from Green Climate Fund
Avaana Capital has announced the first drawdown of the Green Climate Fund’s (GCF) USD 24.5 million commitment to the Avaana Sustainability Fund. The fund is anchored by the Small Industries Development Bank of India (SIDBI), acting under the guidance of the Department of Financial Services, Ministry of Finance. Avaana Capital invests in climate-aligned technologies across energy, sustainable supply chains, agriculture, and advanced materials.

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