Tata Power raises ₹9,000 crore via NCDs

Industry:    2021-02-25

Tata Power has raised ₹9,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. The company issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth ₹900 crore on Tuesday, the company said in a regulatory filing.

It will be fixed rate NCDs with annual coupon payment, Tata Power said.

The series-I debentures worth ₹400 crore would mature on February 23, 2024, while series-II debentures of ₹500 crore would mature on February 23, 2026, it said.

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