Published 2 months ago

Tata Steel To Raise Rs 2,700 Crore Through Three-Year NCD

Summary by Ground News

The board on Tuesday approved the issue of 2.70 lakh NCDs with a face value of Rs 1 lakh each. The NCD maturing on March 26, 2027, will be allotted to eligible investors on March 27, 2024. The coupon will be paid annually, with the principal amount to be redeemed through bullet repayment by the end of three years.

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Tata Steel To Raise Rs 2,700 Crore Through Three-Year NCD

Tata Steel Ltd.'s board on Tuesday approved raising Rs 2,700 crore through the issue of unsecured non-convertible debentures maturing in three years on a private placement basis.The board on Tuesday approved the issue of 2.70 lakh NCDs with a face value of Rs 1 lakh each, according to an exchange filing. The NCD maturing on March 26, 2027, will be allotted to eligible investors on March 27, 2024, the company said in the filing. The coupon will b…

2 months ago

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Tata Steel To Raise Rs 2,700 Crore Through Three-Year NCD

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Tata Steel To Raise Rs 2,700 Crore Through Three-Year NCD

Tata Steel To Raise Rs 2,700 Crore Through Three-Year NCD

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