Tayo Rolls has received an approval to allot one lakh 7.17% Non-cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 1 crore to Tata Steel, the Promoter on Preferential basis. The Committee of the Board at its meeting held on December 13, 2016 has approved for the same.
Earlier, the company had 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 had 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.
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