MoneyWorks4Me

Tata Steel gets nod to raise Rs 2,700 crore via NCDs

19 Mar 2024 Evaluate

Tata Steel has received approval for the issuance of 2,70,000 Fixed Rate, Unsecured, Redeemable, Rated, Listed, Non-convertible debentures (NCDs) of face value Rs 1,00,000 each aggregating to Rs 2,700 crore. The Committee of Directors (constituted by the Board of Directors of the company), at its meeting held on March 19, 2024, 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.


Peers
Company Name CMP
JSW Steel 1187.00
Tata Steel 167.25
Steel Authority 165.00
Jindal Stainless 688.40
APL Apollo Tubes 2021.00
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