Tata Steel's Corus funding
Tata Steel's Corus funding
Last Updated : Apr 17 2007 | 12:00 AM IST
<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.