November 13, 2020 | |
The Secretary, Listing Department | The Manager, Listing Department |
BSE Limited | National Stock Exchange of India Limited |
Phiroze Jeejeebhoy Towers, | Exchange Plaza, 5th Floor, Plot No. C/1, |
Dalai Street, | G Block, Bandra-Kurla Complex, Bandra (E), |
Mumbai - 400 001. | Mumbai - 400 051. |
Maharashtra, India. | Maharashtra, India. |
Scrip Code: 500470/890144 | Symbol: TATASTEEL/TATASTLPP |
Dear Madam, Sirs,
Re: Outcome of Board Meeting
This has reference to our letter dated November 6, 2020.
The Board of Directors of Tata Steel Limited ('the Company') at its meeting held today, i.e. November 13, 2020, inter alia, transacted the following business:
1. Financial Results
Approved the audited Standalone and unaudited Consolidated Financial Results (subject to Limited Review) of the Company for the quarter and half year ended September 30, 2020.
A copy of the said Results together with the Auditors' Report and Press Release are enclosed herewith.
2. Exercise of Call Option in respect of Non-Convertible Debentures/Perpetual Hybrid Securities of the Company
The Board of Directors of the Company approved the proposal to exercise Call Option to redeem the following unsecured, rated, listed Non-Convertible Debentures (NCDs)/Perpetual Hybrid Securities (PHS) in the form of NCDs of the Company, as per their terms of issue:
- 10.25% NCDs having ISIN INE081A08140, with outstanding amount of ₹670 crore, to be redeemed, in full, on December 22, 2020;
Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India
Tel 91 22 6665 8282 Fax 91 22 6665 7724 Website www.tatasteel.com
Corporate Identity Number L27100MH1907PLC000260
- 10.25% NCDs having ISIN INE081A08157, with outstanding amount of ₹3,350 crore, to be redeemed, in full, on January 6, 2021;
- 11.80% PHS having ISIN INE081A08165, with outstanding amount of ₹1,500 crore, to be redeemed, in full, on March 18, 2021; and
- 11.50% PHS having ISIN INE081A08173, with outstanding amount of ₹775 crore, to be redeemed, in full, on May 11, 2021.
The Board meeting commenced at 2:30 p.m. (IST) and concluded at 7:00 p.m. (IST).
The above announcements are also being made available on the website of the Company www.tatasteel.com
This disclosure is being submitted pursuant to Regulations 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
This is for your information and records.
Yours faithfully,
Tata Steel Limited
Parvatheesam Kanchinadham
Company Secretary &
Chief Legal Officer (Corporate & Compliance)
Encl: As above
Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India
Tel 91 22 6665 8282 Fax 91 22 6665 7724 Website www.tatasteel.com
Corporate Identity Number L27100MH1907PLC000260
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Tata Steel Ltd. published this content on 13 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2020 03:22:00 UTC