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TATA POWER CO.LTD. - Allotment of unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures of Rs. 500 crore
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12 Jan 2016
With reference to the earlier letter dated January 08, 2016, Tata Power Company Ltd has now informed BSE that the Company has successfully issued and allotted 5000 unsecured, non-cumulative, redeemable, taxable, listed, rated Non-Convertible Debentures (NCDs) of the face value of Rs. 10 lakh each aggregating Rs. 500 crore on a private placement basis.&lt;BR&gt;&lt;BR&gt;These NCDs carry a floating interest rate linked to Base Rate of State Bank of India and have been rated CARE AA by CARE Ltd.&lt;BR&gt;&lt;BR&gt;Kotak Mahindra Bank Limited has acted as the sole arranger for the issue of these NCDs.&lt;BR&gt;&lt;BR&gt;These NCDs have been issued on a private placement basis through a private placement offer letter cum information memorandum addressed specifically to certain eligible investors and which is not intended to be an advertisement, invitation, offer, sale or solicitation of an offer to the public at large for investing in the NCDs.
View all announcements for TATA POWER CO.LTD. Source: BSE India