Tata Steel board to consider fund raising

 

Tata Steel announced that a meeting of the Board of Directors of the Company will be held on December 18, 2017 and will continue and conclude on December 19, 2017,to consider, a proposal for raising of funds by issue of equity shares or other securities including through qualified institutions placement, rights issue, preferential issue or through any other permissible mode or a combination thereof, subject to such regulatory/ statutory approvals as may be required, including approval of shareholders of the Company, if applicable.

The proposal for the Issue will be considered by the Board of Directors of the Company on December 19, 2017.