Tata Steel aims to raise as much as 1,500 crore ($332 million) in the nation’s first sale of rupee perpetual bonds by a non-finance company. JPMorgan Chase & Co and ICICI Bank will arrange the sale.
The company will pay a coupon of 11.8% on the bonds, which can’t be called for redemption for the first 10 years. Tata Steel group announced a 7,000 crore rupee fundraising plan in November.crackcrack
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1239.90 |
| SAIL | 173.50 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2105.45 |
| View more.. | |
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