Tata Steel Rs128 billion rights issues

14/3/2018

Rights issue

Value:

Re 128 billion

Dollar value:

$ 1.813 billion

Status:

Announced

Date:

14/3/2018

Overview:

Multinational steel manufacturer Tata Steel has raised Rs128 billion through a rights issue.
This marks the first simultaneous but unlinked rights issue of fully paid and partly paid equity shares in India.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Rights issue

Practice area:

Capital markets : Equity

Industry sector:

Industrials and manufacturing

Firm:

Cyril Amarchand Mangaldas

Party: Tata Steel (Issuer)

Lawyers: Kranti Mohan, Yash Ashar

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