Tata Power Issues Non-Convertible Debentures Worth ₹1,500 Crore via Private Placement
Tata Power Company Ltd. is pursuing a debt fundraising initiative through the issuance of unsecured Senior Redeemable Non-Cumulative Non-Convertible Debentures (NCDs). The issue, designed for private placement to eligible investors, involves 1,500,000 NCDs, each having a face value of ₹ 1,00,000, aggregating to a total amount of ₹ 1,500 crore.The NCDs are planned to be listed on the Debt Segment of the Bombay Stock Exchange of India Limited (BSE). The instrument is unsecured, meaning no charge has been created over any assets for these debentures.
Key details regarding the NCD issuance include:
| Particular | Detail |
|---|---|
| Security Type | Unsecured, Senior, Redeemable, Rated, Listed, Taxable, Non-cumulative Non-Convertible Debentures (NCDs) |
| Issue Mechanism | Private placement to all eligible investors |
| Total Quantum | 1,500,000 NCDs @ ₹ 1,00,000 face value |
| Aggregate Value | ₹ 1,500 crore |
| Allotment Date (Tentative) | July 14, 2026 |
| Maturity Period | Five years from the Deemed Date of Allotment |
The interest payment mechanism for these NCDs is structured as a Fixed Rate Coupon basis, with the final determination occurring during the Electronic Bidding Platform (EBP) bidding process on BSE. Payments of the coupon/interest are scheduled annually, with the final coupon payment due on the maturity date.
These debentures are redeemable upon reaching maturity in a bullet repayment structure after five years from the deemed allotment date.
The company’s existing credit rating for these instruments is AA+/Stable, assigned by India Ratings and Research Private Limited and CRISIL Ratings Limited.
TATAPOWER Stock Price Movement
Tata Power Company Limited shares shed 0.35% on Friday, settling at ₹375.2 as trading concluded for the day. The equity traded in the market with a volume amounting to 5.80 million shares.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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