Latest News | NTPC to Raise Rs 5,000 Crore Term Loan

New Delhi, Aug 16 (PTI) State-owned power giant NTPC on Tuesday floated a tender to raise Rs 5,000 crore term loan from financial institutions.

"We hereby seek participation of Banks/FIs (Financial Institutions) for the subject RFP (Request For Proposal for raising Rs 5,000 crore term loan)," a document said.

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As per the document, the bids can be submitted till 1100 hours on August 31.

The minimum amount of loan offered by banks or FIs should be Rs 500 crore or in multiple of Rs 500 crore.

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The proceeds of the loan will be used for capital expenditure, refinancing of loan and other corporate purposes.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)