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Business News/ Market / Stock-market-news/  Tata Power board approves proposal to raise Rs3,700 crore through NCDs
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Tata Power board approves proposal to raise Rs3,700 crore through NCDs

The NCDs will be sold through private placements and will be listed

A statement issued by the company, however, did not mention how it intends to utilise the funds. Photo: Priyanka Parashar/MintPremium
A statement issued by the company, however, did not mention how it intends to utilise the funds. Photo: Priyanka Parashar/Mint

Mumbai: The board of Tata Power Co. Ltd on Monday approved a proposal to raise Rs3,700 crore by selling non-convertible debentures (NCDs). The NCDs will be sold through private placements and will be listed, the company informed BSE. A statement issued by the company, however, did not mention how it intends to utilise the funds.

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Published: 13 Oct 2014, 09:57 PM IST
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