Tata Chemicals to Raise Rs 1,700 Crore via Non-Convertible Debentures

Tata Chemicals plans to raise Rs 1,700 crore by issuing non-convertible debentures on a private placement basis. The internal committee has finalized the issue's terms, and the NCDs will be listed on NSE's debt segment. Allotment is scheduled for August 20, 2024, with a maturity of 3 years.

Tata Chemicals is set to raise Rs 1,700 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis, as disclosed in a recent regulatory filing.

An internal committee, constituted by the board of directors, has finalized the terms for the issuance of 1,70,000 NCDs of face value Rs 1 lakh each.

Set to be listed on the debt segment of the NSE, these NCDs are slated for allotment on August 20, 2024, with a maturity date set three years from the allotment date.