Tata Power raises Rs 1,000 crore through non-convertible debentures

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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.

New Delhi: TataPoweron Thursday said it has raised Rs 1,000 crore through the issuance ofnon-convertible debentureson a 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 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.

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