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S&P
BSE SENSEX
73,852.94
+114.49
+0.16 %
Corporate Announcement
Security Code
500470
Company
TATA STEEL LTD.
Exchange Received Time
16/01/2018 21:57:24
Exchange Disseminated Time
16/01/2018 21:57:32
Time Taken
00:00:08
Updates |
1/16/2018 9:57:25 PM
The Board of Directors of the Company , at its meeting held on December 18 & 19 2017, approved the issuance of equity and equity linked instruments including ordinary shares of the Company of face value of Rs. 10 each by way of a rights issue to the existing shareholders of the Company as on the record date for an amount not exceeding Rs. 12,800 crore in accordance with the SEBI (ICDR) Regulations, 2009, as amended and other applicable laws.
Further, for the purpose of giving effect to the Issue, the Board authorized the Executive Committee of the Board to, inter alia, decide the terms of the Issue including the rights entitlement ratio, total number, issue price, instrument options and other terms and conditions for the Issue.
This is to inform you that a meeting of the ECOB will be held on January 19, 2018, to consider the above stated matters including, to determine the issue price and the record date for the issuance of Ordinary Shares to be offered in the Issue.
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