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Tata Steel to raise Rs 10,000 crore through private placement

19 Jul 2016 Evaluate

Tata Steel, the flagship company of the Tata Group, is planning to raise up to Rs 10,000 crore through various debt securities including redeemable non-convertible debentures (NCDs).  The company will approach its shareholders at its annual general meeting scheduled on August 12, 2016.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.

Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 183.40
Steel Authority 173.15
Jindal Stainless 724.60
APL Apollo Tubes 2115.85
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