Tata Power Company Ltd approves issue of NCDs upto Rs. 3500 crores

The Board of Directors of Tata Power Company Ltd at its meeting held on July 11, 2016 which concluded at 5.45 p.m., has approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of non-convertible debentures upto an aggregate amount not exceeding Rs. 3,500 crore and for tenor not exceeding 3 years (Debentures) from the date of issue on private placement basis to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Debentures under applicable laws.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.73.85 as compared to the previous close of Rs. 73.35. The total number of shares traded during the day was 474970 in over 2081 trades.

The stock hit an intraday high of Rs. 74.1 and intraday low of 73.4. The net turnover during the day was Rs. 35072422.

Source : Equity Bulls

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