Tata Power Company Ltd approves issue of NCDs of Rs. 1500 crore

The board of directors of Tata Power Company Ltd at its meeting held today, has approved issuance in one or more tranches, of non-cumulative, redeemable, taxable, listed, rated securities in the form of Non-Convertible Debentures (NCDs) upto an aggregate amount not exceeding Rs. 1,500 crore or its equivalent in one or more currencies on private placement basis from domestic / off-shore markets to any persons, entities, bodies corporate, companies, banks, financial institutions and any other categories of eligible investors permitted to invest in the Debt Securities under applicable laws.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.32.35 as compared to the previous close of Rs. 31.25. The total number of shares traded during the day was 2549511 in over 4918 trades.

The stock hit an intraday high of Rs. 32.8 and intraday low of 30.4. The net turnover during the day was Rs. 80948026.

Source : Equity Bulls

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