Tata Power raises Rs 1,000 crore through bonds 
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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