Tata Power’s wholly-owned subsidiary -- Coastal Gujarat Power (CGPL) has raised Rs 350 crore through non-convertible debentures (NCDs). The company has successfully issued and allotted Unsecured, Rated, Listed, Taxable, Guaranteed, Redeemable, NCDs on private placement basis for a tenor of 3 years.
The NCDs have been rated AA (CE) by India Ratings & Research and will carry a coupon rate of 8.55 per cent, payable annually.
Tata Power is India’s largest integrated power company.
| Company Name | CMP |
|---|---|
| NTPC | 400.00 |
| Tata Power | 441.35 |
| Adani Power | 227.50 |
| Power Grid Corp | 319.25 |
| Torrent Power | 1722.35 |
| View more.. | |
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