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Tata Steel soars after its arm executes agreement for refinancing EUR 1.75 billion of European debt

13 Jan 2020 Evaluate

Tata Steel is currently trading at Rs. 489.85, up by 3.30 points or 0.68% from its previous closing of Rs. 486.55 on the BSE.

The scrip opened at Rs. 490.20 and has touched a high and low of Rs. 493.35 and Rs. 488.50 respectively. So far 88400 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 560.35 on 02-May-2019 and a 52 week low of Rs. 320.30 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 493.90 and Rs. 467.00 respectively. The current market cap of the company is Rs. 59025.93 crore.

The promoters holding in the company stood at 33.12%, while Institutions and Non-Institutions held 43.89% and 22.01% respectively.

Tata Steel’s 100% subsidiary -- Tata Steel Netherlands Holdings BV (TSNHBV) has executed agreements for the refinancing of its bank debt. TSNBHV has raised term loan facilities of EUR 1.75 billion from 19 banks. This represents a reduction of EUR 500 million versus the external debt outstanding in Tata Steel Europe as of March 2019, enabling the standalone European business to have a more robust balance sheet while it is also putting in significant efforts at restructuring and improving its operating performance.

These facilities have also been contracted at favorable terms and more efficient pricing, besides extending the maturity profile relative to the existing ones.

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.

Tata Steel Share Price

211.30 -0.90 (-0.42%)
05-May-2026 16:59 View Price Chart
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