Tata Steel Fixe FPO Price At Rs 610

Country biggest steel producer Tata Steel has set a price at higher-end of price_band of Rs 594 to 610 a stock for its 5.7 cr equity stocks’ FPO.

The firm increased approximately Rs 3,477 cr (USD 766 million) via this IPO issue, that was subscribed 6.03 times.

QII led the main assistance to the issue – Tata Steel plans to utilize issue cash for partly funding the company’s stock of capital costs for expansion of current works at Jamshedpur; and payment of payoff amounts on maturity of some redeemable non convertible debentures granted by the firm on a private placement basis.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

The Timeframe For Obtaining Refund When Shares Not Allotted?

The Timeframe For Obtaining Refund When Shares Not Allotted? According to Securities and Exchange Board of India guidelines, the Basis of Allotment needs to be finished with fifteen days from the IPO issue end ...…

Role Of Registrar In Issue

Role Of Registrar In Issue Registrar finalize eligible allottes list following eliminating the invalid applications as well as makes sure that the crediting of shares towards the demat-account's of the ...…

Term Debt Instrument

Term Debt Instrument Debt instrument shows an agreement by which one party gives cash to another on pre-determined conditions with regards to rate as well as periodicity of ...…

The emerging countries(markets)

The emerging countries(markets) The emerging markets (nations) have seen fundamental and structural modifications in their economies and financial markets in the research time period, approximately 1993-2005. Table one ...…

Assets

Assets Assets is owned by a company or a person. Property are listed on a company's balance sheet and include tangible things like inventory, equipment, and ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics