Tata Steel Ltd.

Tata Steel has received approval for raising funds by issuance of 6,700 Unsecured, Redeemable, Listed, Rated Non-Convertible Debentures (NCDs) at face value of Rs 10,00,000 each aggregating to Rs 670 crore on private placement basis. The date of allotment of NCDs is March 13, 2020 and final date of maturity will be March 13, 2025. The Committee of Directors (constituted by the Board),  at their meeting held on March 9, 2020 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.