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BRIEF-Tata Steel to issue debt securities of up to 9,000 crore rupees
April 20, 2017 / 5:00 PM / 5 months ago

BRIEF-Tata Steel to issue debt securities of up to 9,000 crore rupees

April 20 (Reuters) - Tata Steel Ltd:

* based on review and pursuant to existing shareholders approval, board approved issue of debt securities of up to rs. 9,000 crore

* funds will primarily be deployed towards re-financing existing debt, capex/working capital requirements and general corporate purposes

* rs. 9,000 crore in form either of non-convertible debentures on private placement basis or foreign currency

* board of directors also authorized finance committee of board to determine and approve timing and terms of such issue of securities Source text for Eikon: Further company coverage:

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