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Tata Power’s JV Maithon Power has issued Rs 500 crore debentures

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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