Tata Steel appoints i-banks for $2b rights issue to be launched in Jan

Tata Steel appoints i-banks for $2b rights issue to be launched in Jan

A general view shows the Tata Steel works in Scunthorpe, northern England, October 27, 2015. REUTERS/Andrew Yates/Files

Tata Steel Ltd has appointed a bunch of domestic investment banks to manage its proposed rights issue of about $2 billion (Rs12,800 crore), three people aware of the development said.

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