India's Tata Steel is reportedly considering part financing its £6.7bn (€10.1bn) takeover of Anglo-Dutch rival Corus Group through a preferential share issue and sale of perpetual bonds.

According to a report in Indian newspaper the Economic Times Tata's management board are expected to meet on Tuesday next week to consider proposals. Thus far the steel group has remained tight lipped on the exact detail on how it plans to finance the acquisition.