Comments
Tata Steel on Wednesday said its committee of directors has approved allotment of non convertible debentures (NCDs) worth ₹510 crore on private placement basis.
“The committee of directors has today approved allotment of 5,100 unsecured, redeemable, rated, listed NCDs having face value of ₹10,00,000 each for cash aggregating to ₹510 crore, to identified investor on private placement basis,” Tata Steel said in a BSE filing.
The NCDs, which will carry an annual coupon rate of 7.85 per cent, are proposed to be listed on the BSE’s wholesale debt market segment.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.