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Tata Power Raises Rs 1,500 Crore via NCDs

The company issued 15,000 NCDs on Nov. 21.

PTI
Power transmission lines are suspended from an electricity pylon. (Photographer: Steve Hockstein/Bloomberg)

Tata Power Company Ltd. on Thursday raised Rs 1,500 crore by issuing unsecured, non-cumulative, redeemable, taxable, listed, rated, non-convertible debentures on private placement basis.

The company has issued 15,000 NCDs worth Rs 1,500 crore on Nov. 21, Tata Power said in a BSE filing.

The NCDs would be listed on wholesale debt market segment of NSE, it added.

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