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Tata Steel board to meet next week to consider fund raising

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.

business Updated: Dec 13, 2017 22:05 IST
Press Trust of India
Press Trust of India
Press Trust of India, New Delhi
Tata Steel,Tata Steel fund raising,Tata Steel board
The board will consider raising of funds via qualified institutions placement, rights issue, preferential issue or through any other permissible mode.(Reuters File Photo)

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

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.

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.

First Published: Dec 13, 2017 22:04 IST