HomeBusinessTata Power raises Rs 900 crore through NCDs

Tata Power raises Rs 900 crore through NCDs

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Power Utility company Tata Power has raised Rs 900 crore through the issuance of non-convertible debentures (NCDs).

In a filing with the exchange, Tata Power said, “The company has issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth Rs 900 crore.”

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“The series-I debentures worth Rs 400 crore would mature on February 23, 2024. While series-II debentures of Rs 500 crore would mature on 23, 2026,” the filing added.

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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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