Tata Steel has received approval to raise Rs 2000 crore through Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs) to be issued in two different series (Series 1 Debenture aggregating to Rs 500 crore and Series 2 Debenture aggregating to Rs 1,500 crore) on private placement to all eligible investors. The Committee of Directors (constituted by the Board of Directors of Tata Steel), at its meeting held on September 14, 2022, approved 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.
