Tata Steel likely to sell assets to recover debt after Thyssenkrupp deal falls through, says report
Updated : May 13, 2019 08:25 AM IST
To exit some of their international businesses may be one of Tata Steel's options to ease Tata Steel's debt that exceeds Rs 1 lakh crore. Offloading shares of Tata Consultancy Services—as has been done in the past—is also one of the options, the report quoted a source as saying.
The steel giant could also consider a rights issue, a move they had adopted two years ago.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more