Tata Metal board at its assembly held in the present day, February 14, thought of and authorized fundraising through non-convertible debentures.
Tata Metal plans to boost ₹3,000 crore through issuance of three,00,000 NCDs of ₹1,00,000 every. The NCDs, it mentioned, will likely be issued to eligible buyers on a non-public placement foundation.
The tentative date of allotment of the NCD concern is February 21, 2025, whereas the date of maturity is February 21, 2030. These NCDs are proposed to be listed on the wholesale debt market section of BSE.
