Tata Steel Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Committee of Directors of Tata Steel has approved the issuance of Non-Convertible Debentures (NCDs) totaling ₹3,000 crore. This involves 3,00,000 NCDs, each with a face value of ₹1,00,000, set to be issued via private placement. The NCDs will be listed on the Wholesale Debt Market segment of BSE. They offer a fixed rate of interest, with annual payments, and principal repayment at maturity in five years. The instruments carry strong credit ratings of ‘AAA’ by India Ratings and ‘AA+’ by CARE Ratings Limited.