Corporate Watch

Tata Power raises Rs 1,000 crore through NCDs

Tata Power on Thursday said that it has raised Rs 1,000 crore through the issuance of non-convertible debentures on a private placement

PSU Watch Bureau

New Delhi: Tata Power on Thursday said that it has raised Rs 1,000 crore through the issuance of non-convertible debentures on a private placement basis. In a regulatory filing, the company said that it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis. The NCDs would be listed on BSE.

"The maturity of Series I NCDs worth Rs 500 crore is scheduled on January 8, 2030 while the Series II NCDs worth Rs 500 crore would mature on December 29, 2032," it added.

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