Tata Steel Limited — QIP/Rights/Pref., 21-02-2025: Allotment of Securities

Tata Steel has announced the allotment of 3,00,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹3,000 crore. The NCDs have a fixed coupon rate of 7.65% and a tenor of 5 years. These debentures were issued through a private placement to identified investors and will be listed on the Wholesale Debt Market Segment of BSE. The pricing was determined based on a multiple yield allotment method.