MoneyWorks4Me

Tata Steel raises Rs 1,000 crore through NCDs

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 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
View more..