Tata Power on Friday announced that it has raised Rs 2,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The committee of directors approved the allotment of 1,00,000 NCDs in each of the two series, with a face value of Rs 1,00,000 per debenture, amounting to Rs 2,000 crore.
Details of the NCDs
The NCDs have been issued through the multiple yield allotment method prescribed by BSE and SEBI. The issue comprises two series, with Series I carrying a coupon rate of 7.05% for a tenor of three years, while Series II offers a coupon rate of 7.25% for a tenor of five years.
“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 on December 18, 2025,” the company said in its regulatory filing.
The committee approved the allotment on Friday, with the debentures issued to identified investors on a private placement basis, in accordance with the terms outlined in the placement memorandum and other related transaction documents.
The company has proposed listing the NCDs on BSE’s Wholesale debt market segment.
Share Price
Following the announcement, the company’s closed at Rs 380, up nearly 2% from its last close. Over the past one month the company’s stock has declined by over 2%
