<p>The company would be issuing 6,54,10,589 Global Depository Receipts (GDRs) at a price of USD 7.64 a piece, aggregating to USD 500 million, Tata Steel said in a filing to the Bombay Stock Exchange.<br /><br />Each GDR would represent one ordinary share of Tata Steel and would be listed on the London Stock Exchange, it added.<br /><br />Citigroup Global Markets, Goldman Sachs International, JP Morgan Securities and UBS are acting as joint lead managers and joint bookrunners for the said issue.<br /><br />Shares of Tata Steel were trading at Rs 382.40, down 2.22 per cent in the morning trade on the BSE. </p>
<p>The company would be issuing 6,54,10,589 Global Depository Receipts (GDRs) at a price of USD 7.64 a piece, aggregating to USD 500 million, Tata Steel said in a filing to the Bombay Stock Exchange.<br /><br />Each GDR would represent one ordinary share of Tata Steel and would be listed on the London Stock Exchange, it added.<br /><br />Citigroup Global Markets, Goldman Sachs International, JP Morgan Securities and UBS are acting as joint lead managers and joint bookrunners for the said issue.<br /><br />Shares of Tata Steel were trading at Rs 382.40, down 2.22 per cent in the morning trade on the BSE. </p>