With reference to letters dated January 9, 2019, February 11, 2019 and March 11, 2019 about issuance of Non-Convertible Redeemable Preference Shares on private placement basis. Tata Steel BSL has informed that the Committee of Directors has today approved allotment of 650,00,00,000 - 11.09% Non-Convertible Redeemable Preference Shares having face value of Rs 10 each for cash aggregating to Rs 6,500 crore to Tata Steel (NCRPS Series I) on private placement basis, on terms and conditions as approved by Board/ Committee of the Board. This disclosure is made in terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
