Tata Power raises Rs 10 billion capital through issuance of NCDs

Tata Power Company Limited has raised Rs 10 billion through the issuance of unsecured, redeemable, rated, listed, taxable, non-convertible debentures (NCDs) on a private placement basis. The maturity of Series I NCDs worth Rs 5 billion is scheduled on January 8, 2030, while the maturity of Series II NCDs worth Rs 5 billion will happen on December 29, 2032. These are fixed rate NCDs with annual coupon payments. The NCDs are listed on BSE Limited.