MoneyWorks4Me

Tata Steel to raise funds through debt instruments

23 May 2018 Evaluate

Tata Steel will raise funds worth Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel. The remaining amount will be raised through internal resources.

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 1248.80
Tata Steel 182.85
Steel Authority 173.05
Jindal Stainless 730.75
APL Apollo Tubes 2116.50
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