Tata Units to Raise ₹2,000 Cr via Bonds

  Published 8 months ago

Tata Power Renewable and Tata Communications plan to raise ₹2,000 crore via bonds to tap demand from insurers, funds.

  • Tata Power Renewable eyes ₹1,000 crore through 10-year AA+ bonds; insurers expected to invest in the issue.
  • Tata Communications to raise ₹1,000 crore via 3-year AAA-rated notes; mutual funds likely to lead subscriptions.
  • Pricing seen cheaper than prior rounds; Tata Comm returns to the bond market after two years to meet funding needs.

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