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Wednesday, April 27, 2011

Tata Power Company Ltd: Updates

With reference to earlier announcement dated April 20, 2011, Tata Power Company Ltd , has informed BSE that Bhira Investments Limited, a wholly owned subsidiary of the Company, has successfully dosed a 60 year Non-callabfe for 5 years Reg S hybrid capital offering of USD 450 million guaranteed by the Company, at 8.5% p.a., payable semi-annually, on April 27, 2011. Deutsche Bank, Goldman Sachs and UBS are the appointed Joint Book runners for the issue.

The Company has submitted to BSE a copy each of the Offering Circular of the Hybrid issue and the Supplementary Offering Circular.Read More

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