Epic Research

Thursday, March 28, 2013

Epic Update : Tata Steel

Epic Update Tata SteelTata Steel, country’s largest producer of the alloy is likely to raise $1 billion, by selling high-yield bonds. The company is in discussion with banks to arrange the sale and these banks may be hired by early next month and proceeds from the sale will be mainly used to refinance loans. Other than this, the entity is also raising money for its new factory in the eastern state of Odisha.

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