Tata Steel Limited — QIP/Rights/Pref., 14-02-2025: Issue of Securities

Tata Steel has announced a board meeting regarding the issuance of Non-Convertible Debentures (NCDs) worth ₹3,000 crore. The total issuance consists of 3,00,000 NCDs with a face value of ₹1,00,000 each, expected to be listed on the Wholesale Debt Market Segment of BSE. The NCDs will be unsecured and have a fixed coupon rate, with interest paid annually and a bullet repayment due at maturity on February 21, 2030. The instruments have received credit ratings of 'AAA' from India Ratings and 'AA+' from CARE Ratings.