Tata Power Company allots NCDs aggregating Rs 500 crore

On private placement basis

Tata Power Company has successfully issued and allotted 5000 unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures (NCDs) of the face value of Rs. 10 lakh each aggregating Rs. 500 crore on a private placement basis.

These NCDs carry a floating interest rate linked to Base Rate of State Bank of India and have been rated CARE AA by CARE.

Powered by Capital Market - Live News