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Tata Steel planning to raise funds by issuing securities

14 Dec 2017 Evaluate

Tata Steel is planning to raise funds by issuing securities. The board of directors of the company will meet on December 18-19 to consider a proposal for the same. The board will consider raising of funds through qualified institutions placement, rights issue, preferential issue or through any other permissible mode.

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 1227.10
Tata Steel 175.50
Steel Authority 174.50
Jindal Stainless 732.35
APL Apollo Tubes 2120.65
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