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Tata Steel spurs on getting nod to raise Rs 12,000 crore via NCDs

14 Aug 2018 Evaluate

Tata Steel is currently trading at Rs. 579.90, up by 10.70 points or 1.88% from its previous closing of Rs. 569.20 on the BSE.

The scrip opened at Rs. 584.00 and has touched a high and low of Rs. 587.00 and Rs. 562.45 respectively. So far 1876494 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.25 on 31-Jan-2018 and a 52 week low of Rs. 493.50 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 587.00 and Rs. 562.45 respectively. The current market cap of the company is Rs. 69435.55 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 45.12% and 20.59% respectively.

Tata Steel has received approval for raising funds through issue of debt securities of up to Rs 12,000 crore in the form of Non-Convertible Debentures (NCDs) on private placement basis in one or more tranches. The funds will be primarily deployed towards CAPEX, repayment of debt and general corporate purposes. The Board of Directors of the company at their meeting held on August 13, 2018, approved 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.


Tata Steel Share Price

211.60 -0.45 (-0.21%)
20-Apr-2026 10:30 View Price Chart
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