Tata Steel Limited approves conversion of 73,888 partly paid-up shares

The Stakeholders' Relationship Committee ("Committee"), duly authorized by the Board of Directors of Tata Steel Limited, has approved the conversion of 73,888 partly paid-up equity shares of face value ₹10 each (₹2.504 paid-up) into fully paid-up equity shares of face value ₹10 each on which the first and final call money of ₹461/- per share (comprising face value of ₹7.496 per share and securities premium of ₹453.504 per share) has been received. The converted shares will rank pari passu with the existing fully paid-up equity shares and shall be available to trade under the ISIN INE081A01012, subject to completion of necessary corporate actions and receipt of listing and trading approvals.

Shares of TATA STEEL LTD. was last trading in BSE at Rs.925.2 as compared to the previous close of Rs. 921.2. The total number of shares traded during the day was 875520 in over 20399 trades.

The stock hit an intraday high of Rs. 945.3 and intraday low of 910.65. The net turnover during the day was Rs. 814398251.

Source : Equity Bulls

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