Tata Steel raises Rs 670 crore via NCDs
13th Mar 2020

Tata Steel has raised funds aggregating to Rs 670 crore through allotment of 6,700 Unsecured, Redeemable, Listed, Rated Non-Convertible Debentures (NCDs) at face value of Rs 10,00,000 each on private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE. The Committee of Directors at their meeting held on March 13, 2020 has approved the allotment of the same.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.