Tata Steel Limited announced that the Committee of Directors has approved allotment of 10,000 -Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value INR 1,000,000 each, for cash aggregating to INR 10,000 million, to identified investors on private placement basis, on the terms and conditions as mentioned in the Information Memorandum for the said Issue. The issue consists of 2 series: Series A ­5,000 NCDs amounting to INR 5,000 million with 7.85% p.a. floating coupon rate and Series B ­5,000 NCDs amounting to INR 5,000 million with 7.95% p.a. fixed coupon rate.