Tata Steel raises $2.08 billion via debt; Luthra advises

The world’s eighth largest steel manufacturer, Tata Steel, has successfully raised a debt of $ 2.08 billion (Rs. 9,061 crore) from a consortium of 22 banks led by the State Bank of India, to finance its expansion plans at its Jameshdpur plant and pay a part of the debt it incurred while acquiring Corus.