Tata Steel Ltd.

In a bid to strengthen its balance sheet and generate cash, Tata Steel has raised more than Rs 4,100 crore through the sale of non-core assets so far this fiscal.

Last week, the company sold 1.33% stake in group company Tata Motors to institutional investors for Rs 1,250.69 crore. It also sold a similar stake in Tata Motors to promoter group Tata Sons for Rs 1,249.99 crore as part of portfolio restructuring.

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.