Tata Power board approves proposal to raise Rs3,700 crore through NCDs
The NCDs will be sold through private placements and will be listed
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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