Tata Steel FPO - Objects to the Issue - Indian IPO Blog

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Tuesday, January 18, 2011

Tata Steel FPO - Objects to the Issue

The objects of the Issue are for general corporate purposes and to:

1. Part finance the Company’s share of capital expenditure for expansion of existing works at Jamshedpur;
2. Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis

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