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Tata Steel gets nod to raise Rs 7,000 crore via NCDs

13 Apr 2020 Evaluate

Tata Steel has received approval from Committee of Directors to raise Rs 7,000 crore, 70,000 Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs) of face value Rs 10,00,000 each to be issued in one or more issues on the Private Placement Basis.

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.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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