Tuesday, 19 July 2016

Tata Steel plans to raise up to Rs. 10,000 crore

The company will approach shareholders at its annual general meeting.

Tata Steel
Tata Steel is seeking shareholders nod to raise up to Rs 10,000 crore through various debt securities including redeemable non-convertible debentures (NCDs). 

Report says that the company will approach its shareholders at its annual general meeting scheduled for next month.

The issue will be on a private placement basis.

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