Financing Strategy at Tata Steel: A Case

Haldipur, Rajesh and Singh, Kulbir and Vishwanath, S R (2015) Financing Strategy at Tata Steel: A Case. Asian Case Research Journal (acrj), 19 (2). pp. 259-289. ISSN 0218-9275

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In January 2011 Tata Steel Ltd, a world-size steel company in India and a flagship company of the $80b Tata Group, announced an issue of equity to the investing public through a book-building process. This was one of the many securities that the company issued during 2007–2011. The company would raise Rs 34,770m and Rs 33,850m from the issue at the upper and lower ends of the price band. The case opens with an analyst studying the company's financial condition with the objective of making an investment recommendation. Students are asked to evaluate the attractiveness of the offer and its timing apart from undertaking an analysis of the historical choice of securities. The case can be used to teach students capital structure theories, the thought process behind security issuance, the dynamic nature of finance, and the role of a CFO and valuation analysis. This case was prepared by Rajesh Haldipur, Mumbai, India, Assistant Professor Kulbir Singh of Institute of Management Technology, Nagpur, India, and Professor S. R. Vishwanath of Shiv Nadar University, Uttar Pradesh, India, as a basis for class discussion rather than to illustrate either an effective or ineffective handling of an administrative or business situation

Item Type: Article
Uncontrolled Keywords: Finance; Strategy- Tata Steel; Tata Steel-Case Study;
Subjects: Finance
Finance > Investments
Finance > Capital Markets/Stock Marketing
Divisions: Finance and Strategy
Depositing User: Mr Ramesh Kamath
Date Deposited: 14 Oct 2018 13:14
Last Modified: 20 Feb 2019 11:00

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