Tata Power Issues ₹1,500 Cr Non-Convertible Debentures

Tata Power Company Ltd announced the issuance of Non-Convertible Debentures (NCDs) on a private placement basis. The company plans to issue 1,50,000 NCDs with a face value of ₹1,00,000 each, aggregating to ₹1,500 crore. These NCDs are unsecured, senior, redeemable, rated, listed, taxable, and non-cumulative. The deemed date of allotment is July 14, 2026, with a maturity of 5 years. Interest will be paid annually, with the final coupon payable on the redemption date. The NCDs are proposed to be listed on the Debt Segment of the Bombay Stock Exchange (BSE). The existing credit rating for the company is "AA+/Stable" by India Ratings and CRISIL.