Jamshedpur: Tata Steel today said it will finalise the financial structure to fund acquisition of Anglo-Dutch steelmaker Corus by the end of this month.

B Muthuraman, managing director, Tata Steel, told reporters in Jamshedpur, "We would finalise our financial structure by the month end. We are thinking on many ways of raising money."

However, he did not elaborate on the modalities for raising the money, but said the company would structure the financing in a way that it did not harm the employees and shareholders.

Muthuraman said Tata Steel had settled for the right price in the bid for Corus and said the company was known for being prudent in financial matters. "We would not have paid more than what we should pay," he said.

Muthuraman said the acquisition would not affect the ongoing expansion at the Jamshedput steel plant. Further brownfield expansion in this plant was not possible due to various limitations, he said. The company has already decided to take the capacity to 10 MT from the current 5 MT, he added.