Tata Power Approves Allotment of ₹1,500 Crore Unsecured NCDs through Private Placement
Tata Power Company Limited has approved the allotment of Non-Convertible Debentures (NCDs) worth ₹1,500 crore. The issuance, which was secured via a private placement model, involves 7.50% unsecured, senior, redeemable, rated, and listed NCDs.The Committee of Directors at Tata Power sanctioned the allotment on July 14, 2026. The transaction pertains to 1,50,000 units of NCDs with a face value of ₹1,00,000 each, aggregating to ₹1,500 crore. These debentures carry a tenor of five years and were issued for cash.
The allotment process utilized the multiple yield allotment method prescribed by BSE Limited. The company has determined the issue price based on this methodology.
Key details regarding the NCD issuance are provided below:
| Feature | Detail |
|---|---|
| Issue Type | Unsecured, Senior, Redeemable, Rated, Listed, Taxable, Non-Cumulative, Non-Convertible Debentures (NCDs) |
| Total Issue Size | ₹1,500 crore |
| Number of NCDs | 1,50,000 |
| Face Value per NCD | ₹1,00,000 |
| Coupon Rate | 7.50% |
| Tenor | 5 years |
The Non-Convertible Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The issuance was completed via a private placement mechanism, and the terms and conditions were outlined in the Placement Memorandum and related transaction documents.
TATAPOWER Stock Price Movement
Tata Power Company Limited shares on Tuesday slipped by 0.09%, finishing at ₹377.70 after trading a day of slight declines. The equity settled amidst intraday action, with the stock hitting a low of ₹374.55 amid over 3.22 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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