Tata Power raises ₹1,000 cr via debentures
New Delhi: Tata Power on Friday said it has raised ₹1,000 crore through issuance of non-convertible debentures (NCDs).
The company raised the amount through issuance of 10,000 unsecured, redeemable, taxable, listed, rated NCDs on private placement basis on November 27, it said in a stock exchange filing. Date of maturity is 27 November, 2023.
The debentures would be listed on Wholesale Debt Market segment of BSE and have fixed rate with annual coupon payment. The rating of the NCDs is CRISIL AA/Stable.
Delay in payment of interest/principal amount for a period of more than three months from the due date or default in payment or interest/principal will trigger an event of default and levy of additional interest, it said.
