NTPC Ltd's tax-free bonds have been over-subscribed 7.25 times, the company said in a statement on Thursday. 

The company targeted raising ₹300 crore through the bonds but bids were received for ₹2,175 crore for placing the bonds on private placement route. 

The bonds were over-subscribed for different tenures. However, the company has decided to retain subscription for 10 years maturity at a coupon rate of 7.15 per cent per annum. 

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