NTPC Limited announced that the Reference Rate is the USD/INR spot rate of INR 73.5146 per one United States Dollar, reported by the Financial Benchmarks India Private Limited, which is displayed on the website of the Financial Benchmarks India Private Limited at approximately 8:00 a.m. (London time) /1:30 pm Mumbai time on 18 December 2020. INR 20,000,000,000 7.375%. Notes due 2021 payable in U.S. Dollars, Purchase Price was INR 10,000,000. INR 20,000,000,000 7.25% notes due 2022 payable in U.S. Dollars, INR 10,000,000. The Settlement Date of the Offers is expected to be on or around 22 December 2020. The aggregate amounts of the relevant Purchase Consideration, Accrued Interest Amount and Additional Interest Amount for such Notes will be paid, in immediately available funds, on the Settlement Date to the Clearing Systems for payment to the cash accounts of the relevant Direct Participants through which the relevant Eligible Holders validly tendered their Notes. Notes which have not been validly accepted for purchase by the Issuer pursuant to the Offers will remain outstanding.