Announced Tue, 14 Jul · 20:29 IST
Tata Power allots ₹1,500 crore NCDs at 7.50% coupon via private placement
Fund Raising View source PDF
TATAPOWER · price
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Price reaction · full curve 14 horizons · vs prior close
-0.1%1-day move
₹377.50
prior close
₹377.70
base price
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AI summary
Tata Power's Committee of Directors approved allotment of 1,50,000 unsecured, senior, redeemable NCDs at 7.50% coupon on July 14, 2026. Each NCD has face value of ₹1 lakh, aggregating to ₹1,500 crore, with a 5-year tenor. The NCDs were placed with identified investors via private placement using BSE's electronic book building platform. They are proposed to be listed on BSE's Wholesale Debt Market segment.
Likely market impact
Raises ₹1,500 crore debt at 7.50% for 5 years, expanding capital base. Moderate borrowing cost signals strong credit profile.