Tayo Rolls has received an approval to allot 4,27,000 7% Non-cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 4.27 crore to Tata Steel, the Promoter on Preferential basis. The board of directors at its meeting held on July 3, 2017 has 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.