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.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.