Tata Steel Raises ₹3,000 Crore Through NCD Allotment

Tata Steel Limited has successfully allotted 3,00,000 non-convertible debentures (NCDs) worth ₹3,000 crore on a private placement basis. The fixed-rate, unsecured, redeemable, rated, and listed NCDs were allotted on February 21, 2025, with a maturity date of February 21, 2030. Each NCD has a face value of ₹1,00,000. The debentures will be listed on the wholesale debt market segment of the BSE, offering liquidity to investors. This strategic move aims to strengthen Tata Steel's financial position and support its ongoing operational improvements. The company's decision to raise funds through NCDs comes amid its restructuring efforts and expectations of improved profitability in its UK operations by FY26-FY27.

 

Source: Tata Steel Limited Announcement