Tata Power plans to raise Rs. 7,000 crore.

Tata Power, which is pursuing 'aggressive growth plans', has sought shareholders' nod to raise up to Rs. 7,000 crore through issue of non-convertible debentures (NCDs). Besides, the leading private power utility has proposed increasing its borrowing limit to Rs. 27,000 crore.

Approval has been sought for raising up to Rs. 7,000 crore through issue of NCDs on private placement basis, according to notice sent out to shareholders for the company’s annual general meeting to be held on August 13.

BS