Tata Power raises ₹2,000 crore through NCD placement
after close1 source ↓written by the desknot a recommendation
- through the issuance
- ₹2,000 crore
- for three years
- 7.05%
- for five years
- 7.25%
Tata Power Ltd has successfully raised ₹2,000 crore through the issuance of non-convertible debentures (NCDs) via private placement. The NCDs, with coupon rates of 7.05% for three years and 7.25% for five years, are aimed at strengthening its position in the debt markets. This move reflects strong institutional demand and is expected to enhance liquidity for future projects.
Not investment advice. For informational purposes only.