Tata Power raises Rs 1,000 crore through bonds-February 2024-www.financetom.com

Tata Power raises Rs 1,000 crore through bonds

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Tata Power raises Rs 1,000 crore through bonds

Dec 29, 2022 2:43 PM

Tata Power on Thursday said it has raised Rs 1,000 crore through the issuance of non-convertible debentures on a private placement basis.

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In a regulatory filing, the company said it has allotted 10,000 unsecured, redeemable, taxable, listed, rated, Non-Convertible Debentures (NCDs) worth Rs 1,000 crore, on private placement basis.

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.

The NCDs would be listed on BSE.

Also Read: Tata Power gets ₹450 crore credit line from Japanese bank MUFG

(Edited by : Anushka Sharma)

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