Tata Power allots ₹1,500 crore NCDs at 7.50% coupon

Tata Power Company Limited has allotted Non-Convertible Debentures (NCDs) aggregating ₹1,500 crore on a private placement basis to identified investors. The issuance aims to raise capital through debt instruments with a fixed coupon rate of 7.50% per annum for a tenor of 5 years. The NCDs are unsecured, senior, redeemable, rated, listed, taxable, and non-cumulative in nature.

The Committee of Directors approved the allotment of 1,50,000 NCDs on July 14, 2026, each having a face value of ₹1,00,000. The coupon rate was discovered through the multiple yield allotment method on the Electronic Book Building Platform of BSE Limited on July 13, 2026. The issue price was determined based on this method prescribed by BSE and SEBI.

Key Details of the Allotment

Particulars	Details
Total Amount Allotted	₹1,500 crore
Number of NCDs Allotted	1,50,000
Face Value per NCD	₹1,00,000
Coupon Rate	7.50%
Tenor	5 years
Type of Issue	Private Placement
Listing Segment	Wholesale Debt Market Segment of BSE Limited

The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. This disclosure was made in terms of Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.04%	+0.04%	-6.53%	+2.51%	-6.17%	+204.47%

Tata Power Company Limited has fixed record dates for the payment of interest on its previously issued Non-Convertible Debentures (NCDs). The company has scheduled the record dates as August 11, 2026, and September 12, 2026, to determine the eligibility of debenture holders for the interest payouts. This move follows the company's earlier initiative to raise ₹1,500 crore through the issuance of unsecured NCDs on a private placement basis.

The interest payments will be made to the holders of Unsecured, Redeemable, Taxable, Listed, Rated Non-Convertible Debentures. The company has specified that the interest for the series with ISIN INE295J08022 will be paid at a rate of 9.9%, with the payment date set for August 27, 2026. For the series with ISIN INE245A08273, the interest rate is 7.715%, and the payment is scheduled for September 28, 2026.

Key Details of Interest Payment

ISINs	Rate of Interest	Record date	Date of Payment
INE295J08022	9.9%	August 11, 2026	August 27, 2026
INE245A08273	7.715%	September 12, 2026	September 28, 2026

The NCDs are unsecured, senior, redeemable, rated, listed, taxable, and non-cumulative in nature. They carry a fixed rate coupon and have a tenure of five years from the deemed date of allotment. The securities hold a credit rating of "AA+/Stable" from India Ratings and Research Private Limited and CRISIL Ratings Limited. The debentures are listed on the Debt Segment of BSE.

Vispi S. Patel, Company Secretary, signed the disclosure on behalf of The Tata Power Company Limited. The filing was made pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.