Tata Steel in Equity Issuance

January 29, 2011

Cleary Gottlieb represented Tata Steel Limited in its offering of 57 million equity shares, raising approximately $774 million. The follow-on offering included a public offering in India and a Rule 144A/Reg S international placement, marking the first placement by Tata Steel in the U.S. under Rule 144A. Tata Steel’s equity shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India. The offering closed on January 29.

Tata Steel is one of the world’s largest steel producers, with major operations in Europe, India and South-East Asia.