Tata Power board okays raising Rs 4,500 cr via NCDs

Tata Power's board has given the green light to raise funds up to Rs 4,500 crore through debt securities, aimed at refinancing existing loans and various other needs. This initiative will see the company issue non-convertible debentures or alternative debt instruments via private placement. Shareholders previously endorsed this plan at their annual general meeting, with issuances planned across multiple series and currencies as required.