Tata Chemicals has allotted 1,50,000 listed, unsecured, rated, redeemable, taxable, non-cumulative non-convertible debentures, having face value Rs 1,00,000/- each, for cash, aggregating to Rs 1,500 crore, for a tenor of 2 years 364 days, to identified investors on private placement basis, on the terms and conditions as mentioned in the transaction documents for the said issue.

The NCDs have a fixed rate coupon of 7.06% and have been issued based on multiple yield allotment method. The NCDs will be listed on the Debt Segment of National Stock Exchange of India Limited (NSE).