On Monday, Tata Power said that Maithon Power which is its joint venture company, has issued redeemable secured non convertible debentures of Rs 500 crore on a private placement basis.

Tata Power said in a BSE filing that “Maithon Power Limited, a 74 percent joint venture, has issued and allotted senior, non-cumulative, redeemable, listed, rated, secured non-convertible debentures (NCDs) for an amount of Rs 500 crore on a private placement basis.”

The statement further said that the NCDs have been rated AA-(with stable outlook) by Crisil.

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