Tata Steel acquires 8.89% OCRPS of Tata Steel BSL

Tata Steel Ltd. | Steel & Iron Products | Metals & Mining | BSE: 500470 | NSE: TATASTEEL

26 Mar 2019 Evaluate

Tata Steel has acquired 230,00,00,000 - 8.89% Optionally Convertible Redeemable Preference Shares (OCRPS) of face value Rs 10 each, of Tata Steel BSL (TSBSL), for the consideration aggregating to Rs 2,300 crore. The objective of acquisition is to stabilize the capital structure of TSBSL and the consequent efficiency, in managing business.

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	1248.10
Tata Steel	182.90
Steel Authority	173.60
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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