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TATA Steel BSL to consider fund raising

Steel News - Published on Thu, 10 Jan 2019

Image Source: The Financial Express
Business Line reported that the board of Tata Steel BSL, formerly Bhushan Steel, will meet on Wednesday to consider a fund-raising proposal. The company may consider various options such as preferential issue through one or more methods including through qualified institutional placement, private placement and rights issue. Shareholders will closely monitor the mode of fund-raising and the quantum. Besides, pricing of the issue, if it is through QIP or rights issue, will be another crucial factor.

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Posted By : Rabi Wangkhem on Thu, 10 Jan 2019
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