Tata Steel to Raise INR 1000 Crores

Tata Steel committee of directors has approved allotment of non-convertible debentures worth INR 1,000 crore. It said “Committee of Directors has today approved allotment of 10,000-8.25% Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value INR 10,00,000 each, for cash aggregating to INR 1,000 crore, to identified investor on private placement basis, on the terms and conditions as mentioned in the Information Memorandum for the said Issue.” The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.