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Tata Steel gets committee of directors' nod to raise Rs 670 cr via NCDs

The NCDs are proposed to be listed on the wholesale debt market segment of the BSE

Press Trust of India  |  New Delhi 

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Tata Steel stock was trading at Rs 295, up 2.86 per cent, on the BSE

on Friday said its committee of directors has approved raising Rs 670 crore through issuance of debentures.

"The committee of directors has today approved allotment of 6,700...unsecured, redeemable, rated, listed non-convertible debentures (NCDs) having face value of Rs 10,00,000 each for cash aggregating to Rs 670 crore, to identified investors on private placement basis," the company said in a filing.

The NCDs are proposed to be listed on the wholesale debt market segment of the BSE, it added.

stock was trading at Rs 295, up 2.86 per cent, on the

First Published: Fri, March 13 2020. 12:06 IST
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