IFLR1000

Tata Steel private placement of Tata Steel BSL shares

1/4/2019
Private placement of shares
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Re 65 billion

$ 940.7 million

Completed

1/4/2019

Overview:

  • Tata Steel acquired 2.3 billion optionally convertible redeemable preference shares and 4.2 billion redeemable preference shares of Tata Steel BSL for Rs65 billion on a private placement basis.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Private placement of shares

Practice area:

Capital markets : Equity

Industry sector:

Industrials and manufacturing

Firm:
AZB & Partners

Party: Tata Steel (Subscriber)

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