Tata Steel BSL: Eyes on fund-raising

Updated - January 08, 2019 at 10:10 PM.

 

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.

Published on January 8, 2019 16:40