Tata Steel gains on raising Rs 2,700 crore via NCDs
Tata Steel is currently trading at Rs. 153.45, up by 1.15 points or 0.76% from its previous closing of Rs. 152.30 on the BSE.
The scrip opened at Rs. 152.65 and has touched a high and low of Rs. 153.80 and Rs. 152.05 respectively. So far 997875 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.50 on 11-Mar-2024 and a 52 week low of Rs. 101.65 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 153.80 and Rs. 147.90 respectively. The current market cap of the company is Rs. 191745.88 crore.
The promoters holding in the company stood at 33.70%, while Institutions and Non-Institutions held 43.32% and 22.30% respectively.
Tata Steel has raised Rs 2,700 crore through allotment of 2,70,000 - 7.79% Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures (NCDs) having face value Rs 1,00,000 each, for cash, for a tenor of 3 years, to identified investors on private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE. The Committee of Directors of the Board at their meeting held on March 27, 2024, has approved allotment of the same.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer.
