Tata Steel allots INR 3,000 crore NCDs via private placement

Tata Steel announced the allotment of ₹3,000 crore in Non-Convertible Debentures (NCDs) through a private placement, as approved by the Committee of Directors (COD) on February 21, 2025. The NCDs, carrying a fixed coupon rate of 7.65%, are unsecured, redeemable, rated, and listed, each with a face value of ₹1,00,000. These NCDs have a tenor of 5 years and were allocated to identified investors. The coupon rate was determined using the multiple yield allotment method through the Electronic Book Provider Platform of BSE Limited. The NCDs will be listed on the Wholesale Debt Market Segment of BSE Limited. The allotment complies with Regulation 30 and 51 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.