Announced Sun, 5 Jul · 17:26 IST
Tata Power to raise Rs 1,500 crore via NCD private placement
Fund Raising View source PDF
TATAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.5%1-day move
₹375.20
prior close
₹375.20
base price
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AI summary
Tata Power is issuing 1,50,000 unsecured NCDs of Rs 1 lakh each, totalling Rs 1,500 crore, via private placement to eligible investors. The NCDs have a 5-year tenure with tentative allotment on July 14, 2026 and bullet repayment at maturity. Interest will be paid annually, with the coupon rate fixed through price bidding on BSE's Electronic Bidding Platform. The issue carries a credit rating of AA+/Stable from India Ratings and CRISIL.
Likely market impact
Raises Rs 1,500 crore of unsecured debt, expanding funding mix; AA+ rating reflects strong credit profile and should help keep borrowing costs reasonable.