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News Details

( As on 29/04/2021 15:09)

Tata Power Co. - Exercise Of Call Option In Respect Of 11.40% Unsecured Subordinated Perpetual Rated Listed Securities In The

The Company had on 2nd June 2011, allotted 15,000, 11.40% Unsecured Subordinated Perpetual Rated Listed Securities in the form of Non-Convertible Debentures ('Debentures') of the aggregate value of ? 1,500 crore, on private placement basis ('Issue'). In accordance with the terms of the Issue, the Company has the option to redeem the Debentures, at par, at the end of 10 years from the deemed date of allotment i.e. 2nd June 2021.

In this regard, the Company has approved to exercise the call option and to redeem the Debentures in full on 2nd June 2021 along with final interest.

The record date for the purpose of redemption of the Debentures pursuant to the exercise of the call option by the Company and payment of interest by the Company is Friday, 28th May 2021.

A copy of the letter dated 29th April 2021 from the Company to the Debentureholders providing notice of the Company's exercise of call option on the Debentures is enclosed.

This is for your information and records.