Tata Steel will seek shareholders approval to raise up to Rs 10,000 crore by issuing securities in the international and domestic capital markets, said the resolution for the annual general meeting outlined in the company’s annual report for fiscal 2014-15.

Acknowledging that it “seeks to balance its growth ambitions with its goal of having a healthy balance sheet”, the steel maker said it may raise the fund through a combination of securities that are convertible into equities or otherwise by issuing them to individual or institutional investors.

The funds could be raised through ordinary shares, global depository receipts (GDRs), American depository receipts (ADRs), foreign currency convertible bonds (FCCBs), preference shares, convertible or non-convertible debentures. As per the annual report, the pricing for any instrument which may be issued by the company on the basis of this resolution will be done by the board or a committee.

“Financial markets are very dynamic in nature and it is hard to predict when and which market may provide us with the window of opportunity to raise capital that is cost-effective, has better terms and can help lengthen our maturity profile,” the company said in the annual report.

The report said the company had decided to utilise the buoyant international financial market even in 2014 by refinancing some of its existing debt. A debut bond offering of $1.5 billion that was distributed to investors in South-East Asia and Europe, had helped the company diversify its sources of capital. In FY15, the consolidated net debt of Tata Steel stood at Rs 70,683 crore, up 0.2 per cent y-o-y.

As it continues to battle tough business environment amid muted demand Tata Steel management has cautioned for persistent business difficulties going ahead.