Tata Power raises Rs 3,500 crore on private placement basis

Tata Power has raised Rs 3,500 crore through an issuance of unsecured, taxable, redeemable, non-cumulative, listed, rated and non-convertible debentures worth Rs 3,500 crore on a private placement basis. The tenor of these securities is three years and these debentures will mature on August 3, 2019.

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.