Tata Steel Ltd.

Tata Steel is planning to raise Rs 10,000 crore through issue of non-convertible debentures (NCDs) on private placement basis. The resolution was passed by the shareholders of the company at its 110th annual general meeting on August 8, 2017. The total institutional holding, including by mutual funds, was at 43.64 crore. Of this, voting was exercised for 32.33 crore only, which accounts for 74 per cent of total holding. About 31.21 lakh shareholders voted against the proposal.

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.