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Tata Power raises Rs 1,500 crore through issue of NCDs

18 Nov 2014 Evaluate
Tata Power has raised Rs 1,500 crore through issue of securities and the proceeds would be utilised for general corporate purposes, including towards repayment of maturing foreign currency convertible bonds. The power producer has issued two series of Non-Convertible Debentures (NCDs) worth Rs 1,500 crore on a private placement basis.

The 9.32 per cent unsecured, non-cumulative, redeemable, listed, and rated Series 1 NCDs aggregating Rs 1,000 crore will be repaid in 2017, while the 9.48 per cent unsecured, non-cumulative, redeemable, listed, and rated Series 2 NCDs aggregating Rs 500 crore will be repaid in 2019. These NCDs would be listed on the wholesale debt market segment of NSE.

The joint lead arrangers of these NCDs are Standard Chartered Bank, IDFC, Yes Bank, Axis Bank and Deutsche Bank.

Tata Power is India’s largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Tata Power Share Price

442.80 1.45 (0.33%)
05-May-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 398.70
Tata Power 442.80
Adani Power 229.90
Power Grid Corp 319.30
Torrent Power 1733.40
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