Tata Steel board to meet next week to consider fund raising - Hindustan Times
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Tata Steel board to meet next week to consider fund raising

Press Trust of India, New Delhi | ByPress Trust of India
Dec 13, 2017 10:05 PM IST

A meeting of the company’s board will be held on December 18-19 to consider a proposal to raise funds by issue shares or securities, Tata Steel said in a regulatory filing.

Tata Steel said on Wednesday its board will meet next week to consider raising of funds by issuing securities.

The board will consider raising of funds via qualified institutions placement, rights issue, preferential issue or through any other permissible mode.(Reuters File Photo)
The board will consider raising of funds via qualified institutions placement, rights issue, preferential issue or through any other permissible mode.(Reuters File Photo)

A meeting of the company’s board will be held on December 18-19 to consider a proposal to raise funds by issue shares or securities, Tata Steel said in a regulatory filing.

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The board will consider raising of funds via qualified institutions placement, rights issue, preferential issue or through any other permissible mode, it added.

“The proposal for the issue will be considered by the board on December 19,” it said.

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