TRF allots OCRPS aggregating Rs 12 cr to Tata STeel

On private placement basis

TRF has on 07 May 2022 allotted 1,20,00,000 (One crore twenty lakh), 11.25% non-cumulative, optionally convertible, non-participating redeemable preference shares of Rs 10 each, aggregating Rs 12 crore, under Series-1, (OCRPS-Series-1) to Tata Steel, on private placement basis, on terms and conditions as approved by the Board. The OCRPS will be unlisted.

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