New Delhi: Tata Power on Friday said it has raised Rs 2,000 crore through non-convertible debentures (NCDs) on a private placement basis, according to an exchange filing by the company. The NCDs have been issued using the multiple yield allotment method prescribed by BSE and Sebi, with the issue price determined accordingly, the company said. The debentures are proposed to be listed on the wholesale debt market segment of the BSE.
Follow Energy Watch on X
The committee of directors on Friday approved the allotment of NCDs in two series of 1 lakh debentures each, aggregating to Rs 2,000 crore. The two series carry tenors of three years and five years, respectively.
The NCDs are being issued to identified investors on a private placement basis, in line with the terms and conditions set out in the placement memorandum and other transaction documents for the issue.
“We wish to inform you that the coupon rate of the proposed NCDs was discovered at 7.05 per cent for Series I and 7.25 per cent for Series II through the multiple yield allotment method on the Electronic Book Building Platform of BSE Ltd on December 18, 2025,” Tata Power said.
Follow Energy Watch on LinkedIN
Tata Power Company Ltd is a leading integrated power company with a diversified energy portfolio of 15.9 GW, spanning thermal, solar and wind generation. The company looks to expand its capacities in the future.
