Tata Steel has raised Rs 2150 crore through allotment of 2,15,000 – 8.03% Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs) having face value Rs 1,00,000 each, for cash, for a tenor of 5 years, on private placement basis. The Committee of Directors (COD) at its meeting held on February 27, 2023, 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.
