Tata Power Allocates NCDs Worth ₹2,000 Crore at 7.05% and 7.25% Rates

Tata Power has successfully allocated non-convertible debentures (NCDs) amounting to ₹2,000 crore. This issuance, conducted on a private placement basis, features two series with distinct coupon rates. 

Details of the NCD Allotment 

On December 19, 2025, Tata Power's Committee of Directors approved the allotment of 1,00,000 NCDs for each series. Series I carries a fixed rate of 7.05%, while Series II offers 7.25%. Both series are unsecured, senior, redeemable, rated, listed, taxable, and non-cumulative. 

The NCDs, each with a face value of ₹1,00,000, have been issued for cash, aggregating to ₹2,000 crore. Series I has a tenor of 3 years, whereas Series II spans 5 years. The allocation was executed through the multiple yield allotment method on the Electronic Book Building Platform of BSE Limited. 

Listing and Regulatory Compliance 

The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. This move aligns with the regulatory framework set by SEBI, ensuring compliance with the Listing Obligations and Disclosure Requirements Regulations, 2015. 

Coupon Rate Discovery 

The coupon rates for the NCDs were determined on December 18, 2025, using the multiple yield allotment method. This approach facilitated the discovery of competitive rates, with Series I at 7.05% and Series II at 7.25%. 

Read More: Tata Power Plans to Raise ₹2,000 Crore via Bond Sale for Debt Refinancing and Renewables! 

Tata Power Share Price Performance  

As of December 19, 2025, at 3:30 PM, Tata Power share price on NSE was closed at ₹380.55 up by 1.49% from the previous closing price. 

Conclusion 

Tata Power's issuance of NCDs worth ₹2,000 crore with competitive coupon rates underscores its strategic financial planning. The successful allotment through a private placement highlights the company's commitment to maintaining robust financial health. 

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