Tata Steel Re128 billion rights issue

Value:

Re 128 billion

Dollar value:

$ 2 billion

Status:

Completed

Date:

22/1/2018

Tata Steel has undertaken a rights issue consisting of 155 million fully paid shares and 77,697,280 partly paid shares.

Sam Duke

India

Share offer
Rights issue

Capital markets : Equity

Industrials and manufacturing

AZB & Partners

Party: Kotak Mahindra Capital (Lead manager)

Party: AXIS Capital (Lead manager)

Party: HDFC Bank (Lead manager)

Party: ICICI Securities (Lead manager)

Party: SBI Capital Markets (Lead manager)

Lawyers: Lionel D'Almeida, Varoon Chandra

Cyril Amarchand Mangaldas

Party: Tata Steel (Issuer)

Lawyers: Kranti Mohan, Yash Ashar