Tata Steel to raise â¹16,500 cr debt for Bhushan Steel deal
Tata Steel on Tuesday said it will raise â¹16,500 crore through debt instruments to fund â¹32,500 crore acquisition of bankrupt Bhushan Steel. The remaining amount will be raised through internal resources, the company added. Tata Steel will reportedly take on board all 5,000 employees of Bhushan Steel as part of the resolution plan it submitted.