India's Tata Steel has unveiled partial details on how it plans to part finance its £6.7bn (€10.1bn) acquisition of Anglo-Dutch steelmaker Corus Group in a move that dampens down the speculation surrounding its financing strategy.

The company said yesterday it plans to issue a combined 80.5bn rupees ($1.9bn) of new shares through two separate rights issues and will raise an additional $500m via the sale of equity-linked instruments.