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Tata Power to raise up to Rs 5,500 crore via NCDs

Source Name: 
ET Energyworld
Source Url: 
https://energy.economictimes.indiatimes.com/news/power/tata-power-to-raise-up-to-rs-5500-crore-via-ncds/66415653

Tata Power Monday said its Board has approved plan to raise up to Rs 5,500 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.

"The board has approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures up to an aggregate amount not exceeding Rs 5,500 crore on private placement basis," Tata Power said in a BSE filing.

Author: Sustainability Outlook Desk