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This Article is From Nov 21, 2019

Tata Power Raises Rs 1,500 Crore via NCDs

Tata Power Raises Rs 1,500 Crore via NCDs
Power transmission lines are suspended from an electricity pylon. (Photographer: Steve Hockstein/Bloomberg)

Tata Power Company Ltd. on Thursday raised Rs 1,500 crore by issuing unsecured, non-cumulative, redeemable, taxable, listed, rated, non-convertible debentures on private placement basis.

The company has issued 15,000 NCDs worth Rs 1,500 crore on Nov. 21, Tata Power said in a BSE filing.

The NCDs would be listed on wholesale debt market segment of NSE, it added.

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