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Tata Steel's Corus funding

Tata Steel's Corus funding

<b>Tata Steel plans 1:5 rights at Rs 300/shr</b><br><br> The board of directors of Tata Steel, which met today, approved a rights issue in the ratio 1:5 at a price of Rs 300 per share (of Rs 10 each) to raise Rs 3,655 crore.<br><br> According to a release issued by Tata Steel to the BSE today, the proposal would involve issue of equity shares of the face value of Rs 122 crore.

Last Updated: Apr 17 2007 | 12:00 AM IST
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<b>Tata Steel plans 1:5 rights at Rs 300/shr</b><br><br> The board of directors of Tata Steel, which met today, approved a rights issue in the ratio 1:5 at a price of Rs 300 per share (of Rs 10 each) to raise Rs 3,655 crore.<br><br> According to a release issued by Tata Steel to the BSE today, the proposal would involve issue of equity shares of the face value of Rs 122 crore.

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