Tata Power raises ₹1,000 cr via debentures

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Tata Power on Friday aforesaid it has raised 1000 crore through issuing of non-convertible debentures (NCDs). The corporate raised the number through issuing of 10,000 unsecured, redeemable, taxable, listed, rated NCDs on non-public placement basis on Nov 27, it aforesaid in a very stock market filing. Date of maturity is 27 Nov, 2023. The debentures would be listed on Wholesale Debt Market phase of BSE and have fastened rate with annual coupon payment. The rating of the NCDs is CRISIL AA/Stable.

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