The Committee of Directors of Tata Steel Limited at its meeting held on March 19, 2024, considered and approved the issue of fixed rate, unsecured, redeemable, rated, listed, NCDs to eligible investors on a Private Placement basis. Size of the issue: 2,70,000 NCDs of face value ?1,00,000 each aggregating to INR 27,000 Million. Size of the issue: Tenure of the instrument - date of allotment and date of maturity: Date of allotment (tentative): March 27, 2024 to Date of Maturity: March 26, 2027.
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- Tata Steel Limited Approves Issue of Non-Convertible Debentures ('NCDs') aggregating to INR 27,000 Million