Tata Steel Ltd.

Tata Steel has raised Rs 2000 crore by allotment of 20,000 - Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs) having face value Rs 10 lakh each, for cash to identified investors on private placement basis, on the terms and conditions as mentioned in the Placement Memorandum for the said Issue. The issue comprises of two series -- Series 1 Debenture: 5,000 NCDs amounting to Rs 500 crore with 7.50% p.a. fixed coupon rate and Series 2 Debenture: 15,000 NCDs amounting to Rs 1,500 crore with 7.76% p.a. fixed coupon rate. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE.

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.