MoneyWorks4Me

Tayo Rolls to raise Rs 3 crore on preferential basis

13 Apr 2018 Evaluate

Tayo Rolls has decided to allot 3,00,000 8% Non-cumulative Redeemable Preference Shares of Rs 100 each aggregating to Rs 3 crore to Tata Steel, the Promoter on Preferential basis. The Committee of the Board at their meeting held on April 13, 2018, decided 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.

Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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