Tata Steel has received approval to raise Rs 2150 crore through issuance of 2,15,000 Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs) having face value Rs 1,00,000 each. Date of maturity of said Non-Convertible Debentures will be on February 25, 2028. The Committee of Directors (constituted by the Board of Directors of Tata Steel), at its meeting held on February 20, 2023, considered and 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.
