Tata Steel raises Rs 1,000 crore through NCDs

Tata Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500470 | NSE: TATASTEEL

20 May 2020 Evaluate

Tata Steel has raised Rs 1,000 crore and allotted 10,000 - 8.25% Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each to identified investor on private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE.

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
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
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Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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