Tayo Rolls has received approval to allot 6,00,000 7.17% Non-cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 6 crore to Tata Steel, the promoter on preferential basis. The Committee of the Board at their meeting held on November 16, 2016 have approved for the same.
Tayo Rolls is a metal fabrication and processing company headquartered in Jamshedpur, India and a subsidiary of Tata Steel. Tayo Rolls’ products are primarily cast rolls, forged rolls, special castings and pig iron.
