Tata Power raises Rs 1,000 cr via debentures

New Delhi: Tata Power on has raised Rs 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 BSE filing on Friday.

The debentures would be listed on Wholesale Debt Market segment of BSE and have fixed rate with annual coupon payment. 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. PTI