{"id":363911,"date":"2020-07-21T10:39:32","date_gmt":"2020-07-21T05:09:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363911"},"modified":"2020-07-21T11:04:58","modified_gmt":"2020-07-21T05:34:58","slug":"tata-powers-arm-cgpl-raises-rs-350-cr-via-ncds","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-powers-arm-cgpl-raises-rs-350-cr-via-ncds\/","title":{"rendered":"Tata Power&#8217;s arm CGPL raises Rs 350 cr via NCDs"},"content":{"rendered":"<p>NEW DELHI: Tata Power on Monday said its arm CGPL &#8211; which runs Mundra power plant &#8211; has raised Rs 350 crore by issuing non-convertible debentures (NCDs) on private placement basis.<\/p>\n<p>&#8220;Coastal Gujarat Power Ltd (CGPL), a wholly-owned subsidiary of the Company, has successfully issued and allotted Unsecured, Rated, Listed, Taxable, Guaranteed, Redeemable, Non-Convertible Debentures for an amount of Rs 350 crore on private placement basis issued for a tenor of 3 years,&#8221; a regulatory filing said.<\/p>\n<p>The NCDs have been rated AA (CE) by India Ratings &amp; Research and will carry a coupon rate of 8.55 per cent, payable annually. The debt obligations of the CGPL under the NCDs are guaranteed by the company, the filing said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Tata Power on Monday said its arm CGPL &#8211; which runs Mundra power plant &#8211; has raised Rs 350 crore by issuing non-convertible debentures (NCDs) on private placement basis. &#8220;Coastal Gujarat Power Ltd (CGPL), a wholly-owned subsidiary of the Company, has successfully issued and allotted Unsecured, Rated, Listed, Taxable, Guaranteed, Redeemable, Non-Convertible Debentures for an amount of Rs 350 crore on private placement basis issued for a tenor of 3 years,&#8221; a regulatory filing said. The NCDs have been rated AA (CE) by India Ratings &amp; Research and will carry a coupon rate of 8.55 per cent, payable [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-363911","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363911"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363911\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}