Tata Power arm CGPL raises ₹570 cr via NCDS

Tata Power on Thursday said its wholly-owned subsidiary CGPL has raised ₹570 crore through issuance of non-convertible debentures (NCDS). “Coastal Gujarat Power Limited (CGPL)... has successfully issued and allotted unsecured, rated, listed, taxable, guaranteed, redeemable NCDS for an amount of ₹570 crore on private placement basis issued for a tenor of 3 years,” Tata Power said.