Tata Power raises Rs 10 billion capital through issuance of NCDs

January 8, 2023

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.