Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stake Sale

| More

Tata Steel Ltd to raise Rs. 9000 crores

Posted On: 2017-04-20 21:22:33

The Board of Directors of Tata Steel Ltd at the meeting held today (between 1:00 pm through 10:00 pm) reviewed the performance, capital structure and financing plan of the Company. Based on the review and pursuant to the existing shareholders approval, the Board approved issue of debt securities of up to Rs. 9,000 crore in the form either of Non-Convertible Debentures on private placement basis or Foreign Currency or Rupee Denominated Bonds or a combination thereof in one or more tranches.

The funds will primarily be deployed towards re-financing the existing debt, capex/working capital requirements and general corporate purposes. The Board of Directors also authorized the Finance Committee of the Board to determine and approve the timing and terms of such issue of securities.

Shares of TATA STEEL LTD. was last trading in BSE at Rs.454 as compared to the previous close of Rs. 451.45. The total number of shares traded during the day was 519793 in over 6497 trades.

The stock hit an intraday high of Rs. 454.95 and intraday low of 448.6. The net turnover during the day was Rs. 235022995.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

DCB Bank Ltd allots 9800 shares
Quick Heal Technologies allots 40628 shares
Vaibhav Global Ltd allots 660 shares
RBL Bank allots 146559 shares
Kotak Mahindra Bank Ltd allots 180434 shares
3i Infotech Ltd allots 10,004 and 6,63,260 shares
HDFC Bank allots 1329450 equity shares
Arvind SmartSpaces Ltd allots 15000 shares
IndusInd Bank Limited allots 3020 shares Ltd grants 23300 options
IDFC Bank grants 75000 options
Majesco Ltd allots 69941 shares
Tanvi Foods (India) Ltd allots 750000 shares
ICICI Bank allots 103,973 equity shares
Oracle Financial Services Software Ltd allots 13535 shares
Geojit Financial Services Ltd allots 96,770 shares, 23674 options
Edelweiss Financial Services Ltd allots 1846825 shares
Equitas Holdings Ltd allots 1,59,798 equity shares
Frontier Informatics Limited allots 60 lakh shares
Mphasis Ltd allos 10123 shares
Aarey Drugs & Pharmaceuticals Ltd approves QIP price of Rs. 54.93
NIIT Ltd allots 3000 shares
Navin Fluorine International Ltd allots 5250 shares
IIFL Holdings Limited allots 414100 shares
AXIS Bank allots 173950 shares
HDFC Standard Life Insurance Company Ltd allots 202012 shares
InterGlobe Aviation Ltd allots 93780 shares
Shoppers Stop Ltd allots 9618 shares
SORIL Holdings and Ventures Ltd allots 41 lakh shares
Praj Industries Ltd allots 86500 shares
Intellect Design Arena Ltd allots 194750 shares
Fomento Resorts and Hotels Ltd approves fund raising of Rs. 400 crores
ITC Ltd allots 49,26,810 shares
Frontier Informatics to approve allotment of 60 lakh shares
Manappuram Finance Ltd allots 5,63,730 shares
Titagarh Wagons Ltd allots 48750 shares
IndusInd Bank Limited allots 2000 shares
Bharat Financial Inclusion Ltd allots 53859 shares
The Phoenix Mills Ltd allots 3000 shares
Cholamandalam Investment and Finance Company Ltd allots 12496 shares
ICICI Bank Ltd allots 491760 shares
Everest Industries Ltd allots 7530 shares
Salzer Electronics Ltd allots 500000 shares
Indiabulls Ventures Limited allots 82,948,313 Partly paid up Equity Shares
IDFC Bank allots 360,550 shares
RBL Bank Ltd allots 96580 shares
HDFC Bank raises Rs. 23 billion through Rupee Denominated Bonds
JM Financial Ltd allots 83085 shares
KJMC Corporate Advisors India Ltd allots 790000 warrants
Ujjivan Financial Services Ltd allots 63956 shares

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018