Tata Steel to raise Rs 2000 cr via private placement of NCDs

Tata Steel approved the issue of 20,000 Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 2,000 crore on private placement basis. The deemed date of allotment is 20 September 2022. The issue will comprise of two different series (Series 1 Debenture aggregating to Rs 500 crore and Series 2 Debenture aggregating to Rs 1,500 crore).

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