Tata Power Board is ready to raise to Rs 5,500 cr per NCD

Tata Power said its board on Wednesday approved a proposal to raise up to $ 5,500 crore through non-refundable withdrawals. “The Board has authorized the issuance of one or more types of non-compliant, non-refundable, taxable, listed, estimated in the form of Non-Convertible Debentures (NCDs) up to a maximum amount not exceeding Rs 5,500 crore…,” the …

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