Tata Steel board to consider fund raising proposal this week
Tata Steel stands among the top global steel companies
 "Tata Steel board to consider fund raising proposal this week")
The acquisition and development is subject to certain conditions precedent, detailed technical assessments and financial closure
Tata Steel on Monday said its board will meet this week to consider a proposal for raising funds.
"A meeting of the Board of Directors of the company will be held on Thursday, April 20, 2017 inter-alia to consider a proposal for fund raising," the company said in a filing to the BSE.
Tata Steel stands among the top global steel companies with an annual crude steel capacity of 28 million tonnes and had a turnover of $ 17.69 billion in FY 2015-16.
It is the world's second-most geographically-diversified steel producer with operations in 26 countries and commercial presence in over 50 countries.
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First Published: Apr 17 2017 | 7:42 PM IST