Tata Steel, one of the world’s biggest steelmakers, has allotted non-convertible debentures (NCDs) worth Rs 1,000 crore on a private placement basis to investors. The Committee of Directors of the company on October 04, 2016 allotted 8.15%, unsecured, redeemable NCDs having a face value of Rs 10 lakh each for cash aggregating to Rs 1000 crore, on a private placement basis, to certain identified investors.
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.
