India’s Tata Steel board to mull issue of nonconvertible debentures

By Sarah Lizee

Olympia, Wash., March 27 – Tata Steel Ltd. informed the Bombay Stock Exchange that its board of directors will meet on April 3 to consider and approve an issue of unsecured nonconvertible debentures.

The debentures would be issued in a private placement, according to a notice.

Tata Steel is based in Mumbai.

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