Tata Power has decided to raise Rs 3,500 crore through issuance of non-convertible debentures in one or more tranches on a private placement basis. The tenor of these securities will not exceed 3 years (Debentures) from the date of issue on private placement basis to any persons, entities, bodies corporate, and any other categories of eligible investors permitted to invest in the Debentures under applicable laws. The board of company at its meeting held on July 11, 2016 has approved for the same.
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 9184 MW and a presence in all the segments of the power sector.
