Tata Steel Ltd.

Tata Steel has acquired 230,00,00,000 - 8.89% Optionally Convertible Redeemable Preference Shares (OCRPS) of face value Rs 10 each, of Tata Steel BSL (TSBSL), for the consideration aggregating to Rs 2,300 crore. The objective of acquisition is to stabilize the capital structure of TSBSL and the consequent efficiency, in managing business.

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.