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Tata Steel BSL allots 11% shares to Tata Steel

Steel News - Published on Wed, 20 Mar 2019

Image Source: Reuters India
Tata Steel BSL announced that the Committee of Directors has approved allotment of 650,00,00,000 - 11.09% Non-Convertible Redeemable Preference Shares having face value of INR 10 each for cash aggregating to INR 6,500 crore to Tata Steel Limited (NCRPS Series I) on private placement basis, on terms and conditions as approved by Board/Committee of the Board.

This has reference to our letters dated January 9, 2019, February 11, 2019 and March 11, 2019 with respect to issuance of Non-Convertible Redeemable Preference Shares on private placement basis.

Source :

Posted By : Rabi Wangkhem on Wed, 20 Mar 2019
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