New Delhi, Jun 13 (PTI) State-run power giant NTPC on Friday said it has decided to raise Rs 4,000 crore through the issuance of non-convertible debentures (NCDs).

Proceeds will be utilised for funding of capital expenditure, refinancing of existing loans and other general corporate purposes, the company said in a regulatory filing.

Also Read | Free Aadhaar Update Deadline Nears, Know Last Date and How To Update Aadhaar Card Details Without Any Fee via UIDAI Website.

NTPC has decided to issue unsecured non-convertible debentures of Rs 4,000 crore June 17, 2025, through private placement at a coupon of 6.89 per cent p.a. for a tenor of 10 years 1 day, maturing on June 18, 2035, the filing said.

The NCD issue will be subjected to shareholders' approval, it said, adding that the debentures are proposed to be listed on the NSE.

Also Read | What Is Article 51 of the UN Charter? All You Need To Know As Iran Invokes ‘Right to Self-Defence’ After Israel Attacks Nuclear and Missile Sites in Tehran.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)