News  STEEL & METAL NEWS

Tata Steel board to consider fund raising next week

1904 times viewed
Source: The Economic Times
Friday, December 15, 2017

 MUMBAI: Tata Steel's board of directors will be meeting next week to consider a proposal to raise funds via a combination of methods, the company said in a stock exchange filing on Wednesday. 


The company will be meeting on December 18 and the meeting will continue till December 19 when the proposal regarding fund raising will be considered by the board. 

It said that the the company will consider a proposal of raising funds by issuing equity shares or other securities, including a qualifies institutional placement (QIP), rights issue or through another permissible mode. 
 
In recent months, Tata Steel is reported to have shown interest in buying distressed assets like Essar Steel and Electrosteels Steel. The final bids for Essar Steel is slated to be submitted by December 20. 


Comments:

18-Dec-2017
By aimeebz1
My creative entanglement contract: http://clifford.web.telrock.net



Post Your Comment:

Name:*
    
E-mail:*
    
Comments:*
    


Also Read:

»

Tata steel wants to bid afresh for Electrosteel on MAT relief

»

Piramal Enterprises joins JSW, JFE to bid for Bhushan Steel

»

JSW not keen on Essar Steel, to focus on Jharkhand and Odisha

»

Budget 2018: Secondary steel makers demand removal of import duty on scrap

»

JSW commits Rs 10,000 crore investment in Bengal

»

NALCO sets target of achieving a turnover of Rs 18,171 crore by 2024

»

NALCO lines up 3 projects, invests Rs 25,000 crore

»

Steel companies upset over hike in iron ore prices

»

About 22% hike in iron ore prices to increase production cost of steel

»

Mesco keen to buy struggling steel companies

News  NEWS ARCHIVE
   
Home | Recent News | Privacy Policy | Disclaimer | Feedback | Sitemap | Contact Us

© Copyright Power Hub 2012-2014, All rights reserved.