Tata Power Company Ltd (TTPW.BO)
Latest Key Developments (Source: Significant Developments)
Tata Power Company Ltd:Approves the issue of non-cumulative, redeemable, listed, rated non-convertible debentures (NCDs), not exceeding an aggregate limit of 37 bln Indian rupees on private placement basis.NCDs may be issued by company in one or more tranches and may be unsecured or secured by creation of charge over the assets of the Company. Full Article
Tata Power Company Ltd:Says Moody's Investors Service has upgraded company's Corporate family rating to Ba3/Stable from B1/Negative, and senior unsecured rating to Ba3/Stable from B2/Negative, thus no longer notching for subordination. Full Article
Tata Power Company Ltd:Aims to double its generation capacity to 18,000 MW from all sources of energy by 2022-Business Standard. Full Article
May 24 Indian shares edged higher on Tuesday, posting their first gain in five sessions after well-received corporate results, including from Tata Power, offset worries the U.S. Federal Reserve would increase rates as early as June.