Tata Steel Ltd.

Tata Steel has received shareholders’ nod to raise up to Rs 10,000 crore through securities to meet capital requirements. The approval comes at a time when the company is also looking at monetizing its non-core and listed assets.

The company is seeking to continuously optimize its borrowings by ensuring they are aligned in terms of quantum, risk, maturity and cost with its earnings profile.

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.