Fw: Tata Steel FPO

 

Equity Shares offered through this Offer 5,70,00,000 Equity Shares Of which Employee Reservation Portion 15,00,000 Equity Shares Net Offer to public 5,55,00,000 Equity Shares Of which 1. QIB Portion Not More than 2,77,50,000 Equity Shares 2. Non-Institutional Portion Not less than 83,25,000 Equity Shares available for allocation 3. Retail Portion Not less than 1,94,25,000 Equity Shares available for allocation Pre and Post Issue Equity Shares   Equity Shares outstanding prior to the Offer 90,22,14,196 Equity Shares Equity Shares outstanding after the Offer 95,92,14,196 Equity Shares Use of Offer Proceeds Part finance the Company's share of capital expenditure for expansion of existing works at Jamshedpur Payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the Company on a private placement basis General corporate purposes. BID/OFFER PROGRAMME Offer Opens 19th January 2011 Offer Closes (QIBs) 21st January 2011 PRICE BAND Rs. 594 to Rs. 610 per share Minimum Application 10 shares with further multiples of 10 shares

About Tata Steel Ltd ("The Company"):

The Company is one of the world's largest steel companies with a steel production capacity of approximately 27.2 mtpa. According to World Steel Association (WSA), the Company was the seventh largest steel company in the world in terms of crude steel production volume in 2009. The Company is also one of the most geographically diversified steel producers, with operations in 26 countries and a commercial presence in more than 50 countries. The Company has grown significantly in recent years with its steel production capacity increasing from approximately 5.0 mtpa in Financial Year 2006 to 27.2 mtpa currently. This growth was primarily due to the Company's acquisition in April 2007 of Corus Group plc ("Corus"), which at the time was estimated by WSA to be the ninth largest steel producer in the world. The Company offers a broad range of steel products including a portfolio of high value-added downstream products such as hot rolled coils, sections, plates and wires. The Company is also a large producer of ferro-chrome in India. The Company's main markets for its products are Europe and India, which accounted for approximately 72.6% of the Company's net sales in Financial Year 2010, with the remaining sales primarily taking place in other markets in Asia and in North America. The Company's customers primarily comprise the construction, automotive, aerospace, consumer goods and material handling and general engineering industries.

Disclaimer:
This report is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Tata Steel Ltd ("The Company") and no part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This report has been prepared from the extracts of the RHP. Any person who subsequently acquires equity shares of Tata Steel Ltd must rely solely on the Offer Document issued in connection with the FPO, on the basis of which alone subscription for the equity shares may be made. In addition, investors should pay particular attention to the section of the Offer Document titled "Risk Factors".

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