Tata Power Approves ₹4,500 Cr NCD Issuance

Tata Power Company Ltd's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) up to an aggregate amount not exceeding ₹4,500 crore. These debt securities will be issued on a private placement basis in one or more series/tranches. The funds raised are intended for purposes including the refinancing of existing loans. The approval is within the limits previously sanctioned by shareholders at the Annual General Meeting held on July 4, 2025. The board meeting where this decision was made commenced at 2:00 p.m. (IST) and concluded at 4:15 p.m. (IST).