Tata Power has raised ₹9,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis.
It has issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth Rs 900 crore on Tuesday, a BSE filing said.
Listing
The NCDs will be listed on the WDM segment of SSE Limited.
Maturity
The NCDs will mature in 2 series.
The series-I debentures worth Rs 400 crore would mature on February 23, 2024, while series-II debentures of Rs 500 crore would mature on February 23, 2026
Impact on Stock Market
On Sensex, Tata Power had gained by at least 2.5% with an intraday high of Rs94.30 per piece in early trading hours.
At around 12.01 pm, Tata Power was performing at Rs92.95 per piece up 0.98% on Sensex.
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