On private placement basis
Tata Power 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.These NCDs carry a floating interest rate linked to Base Rate of State Bank of India and have been rated CARE AA by CARE.
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