Home / BUSINESS / Tata Power soars on raising Rs 1,500 crore through NCDs

Tata Power soars on raising Rs 1,500 crore through NCDs

Tata Power is currently trading at Rs. 55.45, up by 0.65 points or 1.19% from its previous closing of Rs. 54.80 on the BSE.

The scrip opened at Rs. 55.50 and has touched a high and low of Rs. 55.80 and Rs. 55.05 respectively. So far 188339 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 83.75 on 04-Dec-2018 and a 52 week low of Rs. 50.40 on 21-Aug-2019.

Last one week high and low of the scrip stood at Rs. 56.55 and Rs. 54.35 respectively. The current market cap of the company is Rs. 14997.97 crore.

The promoters holding in the company stood at 36.21%, while Institutions and Non-Institutions held 48.05% and 15.67% respectively.

Tata Power Company has raised Rs 1,500 crore by issuing unsecured, non-cumulative, redeemable, taxable, listed, rated, non-convertible debentures (NCDs) on private placement basis.

Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.

Please share this news