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Construction : Deals | July 2014 | Source : Construction Update

Tata Power to raise Rs 70 billion through NCD

Tata Power to raise Rs 70 Billion through issue of Non-Convertible Debenture (NCD) on a private placement basis. To refinance Foreign Currency Convertible Bonds of Rs 20 Billion which is maturing in November 2014.

Funds Utilisation:
  • To finance growth in generation, transmission, distribution and fuel securitization.
  • To refinance Foreign Currency Convertible Bonds of Rs 20 Billion which is maturing in November 2014.
  • To extend financial support to Coastal Gujarat Power Ltd, a wholly-owned subsidiary.
 
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