Tata Steel has raised Rs 400 crore through Unsecured, Rated, Listed, Redeemable, Floating Coupon, Non-Convertible Debentures (NCDs) and allotted 4,000, 8.08% p.a NCDs having face value Rs 10 lakh each to identified investors on private placement basis. The Committee of Directors at its meeting held on June 3, 2020 has approved and allotted 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.
