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Tata Steel to seek nod to raise up to Rs 12,000 crore through NCDs

25 Jun 2018 Evaluate

In a bid to support organic growth and acquisition and improve the capital structure of the company, Tata Steel will seek the approval of shareholders to raise up to Rs 12,000 crore by issuing non-convertible debentures on a private placement basis.

The board of directors will decide on the terms on issuing of shares which includes, the number of NCDs, tenor, time, the class of investors to whom the NCDs are to be issued, issue price, interest rate, listing (in India or overseas), premium or discount and any matter as may be necessary at any phase from time to time. The company proposes to issue NCDs within a year of receiving the shareholders' approval in the upcoming annual general meeting on July 20.

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.

Tata Steel Share Price

212.05 1.35 (0.64%)
17-Apr-2026 16:59 View Price Chart
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