Tata Power raises Rs 900 crore via non-convertible debentures

Tata Power has raised Rs 900 crore through issuance of nonconvertible debentures (NCDs). The company issued 9,000 unsecured, redeemable, taxable, listed, rated NCDs worth Rs 900 crore on Tuesday, a BSE filing said. The series-I debentures worth Rs 400 crore would mature on February 23, 2024, while series-II debentures of Rs 500 crore would mature on Februar y 23, 2026, it said.