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.