Tata Power raises Rs 1,000 crore through bonds | Daily News Byte

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Tata Power raises Rs 1,000 crore through bonds

The maturity of Series I NCDs worth Rs 500 crore is scheduled on January 8, 2030.

Representative image.  Credit: Reuters File Photo

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

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 a private placement basis.

The maturity of Series I NCDs worth Rs 500 crore is due on January 8, 2030 while Series II NCDs worth Rs 500 crore will mature on December 29, 2032, it added.

NCDs will be listed on BSE.

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