Tata Power Raises USD45.8 Million in Private Placement of Debentures Due 2021

Published: Nov 16 2017
Deal Summary

The Tata Power Co Ltd, an India-based integrated power company, has completed private placement of series II unsecured, non- cumulative, redeemable, taxable, listed, rated, non- convertible debentures due November 16, 2021, for gross proceeds of INR3,000 million (USD45.81 million).

The board of directors of the company has approved the offering.

Deal History:

Update: On November 3, 2017, Tata Power intended to issue non-convertible debentures for gross proceeds of upto INR35,000 million (USD541.1 million) in private placement. The maturity period of the debentures will not exceed 15 years.

Planned: On August 23, 2017, Tata Power intended to issue non-convertible debentures (NCD)/bonds for gross proceeds of INR70,000 million (USD1,047.2 million) in private placement.

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