Tata Steel Ltd.

In a bid to refinance its bloated debt and reduce interest cost, Tata Steel is reportedly planning to raise at least $1.5 billion. The fund size could go up to as high as $3 billion. The proposed mobilisation will be done through the company's Singapore subsidiary.

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.