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Tata Power spurts as its arm raises Rs 425 crore on private placement basis

25 Jan 2016 Evaluate

Tata Power Company is currently trading at Rs. 62.35, up by 0.55 points or 0.89% from its previous closing of Rs. 61.80 on the BSE.

The scrip opened at Rs. 62.50 and has touched a high and low of Rs. 62.60 and Rs. 62.00 respectively. So far 48383 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 92.40 on 02-Feb-2015 and a 52 week low of Rs. 55.55 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 64.90 and Rs. 60.25 respectively. The current market cap of the company is Rs. 16863.36 crore.

The promoters holding in the company stood at 33.02% while Institutions and Non-Institutions held 50.98% and 15.85% respectively.

Tata Power Company’s 100% subsidiary - Tata Power Renewable Energy (TPREL), has issued and allotted Guaranteed, Unsecured, Non-Cumulative, Redeemable, Taxable, Listed, Rated, Non-Convertible Debentures (NCDs) for an amount of Rs 425 crore on private placement basis. These NCDs have been issued on a private placement basis through a private placement offer letter cum information memorandum.

The NCDs have been rated AA (SO) by CARE. The NCDs will carry a spread of 0.13% above Base Rate of State Bank of India (fully floating) payable annually and are guaranteed by the company. The proceeds from the NCDs will be primarily used to prepay existing higher cost debt in TPREL.

Tata Power is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 8,669 MW and a presence in all the segments of the power sector.

Tata Power Share Price

427.45 0.20 (0.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Tata Power 427.45
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Power Grid Corp 318.05
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