The Tata Steel Board, in its meeting held on 14 February today, considered and approved the funding through non-convertible debentures.
Tata Steel plans to increase plan 3,00,000 NCD through issuing 3,000 crore 1,00,000 each. NCDS said, “eligible investors will be released on the basis of a private placement.
The temporary date of allocation of NCD issue is 21 February 2025, while maturity date is 21 February, 2030. These NCDs are proposed to list the BSE wholesale loan market segment.
