Last checked at 11 Jan 2011 11:42
January 11, 2011
Re: Proposed issue of Equity Shares through Further Public Offer
The Committee of Directors of the Company at its meeting held today approved a Further Public Issue of 57 million Ordinary Shares of Rs. 10 each of the Company for such price as may be determined through the book-building process under the SEBI (Issue of Capital and Disclosure Requirements), Regulations, 2009, as amended ("SEBI Regulations"). This includes a reservation for eligible employees for 1.5 million Ordinary Shares of Rs. 10 each (the "Issue")
The price band and the minimum bid lot for the Issue will be decided by the Company in consultation with the book running lead managers and will be advertised at least one working day prior to the bid/Issue opening date.
The Issue will open after completion of all necessary regulatory requirements.
This is for your information please.
Yours faithfully,
Tata Steel Limited
Sd/-
A Anjeneyan
Company Secretary &
Chief of Compliance