Tata Steel allots Shares & Warrants to Tata Sons

Tata Steel Ltd has announced that Tata Sons Limited vide their letter dated July 23, 2010, had agreed to subscribe, on a preferential basis, to 1,50,00,000 Ordinary Shares & 1,20,00,000 Warrants at a price of Rs. 594/- Share / Warrant.

The Committee of Directors at its meeting held on July 23, 2010, has approved the allotment to Tata Sons Limited of 1,50,00,000 Ordinary Shares & 1,20,00,000 Warrants at a price of Rs. 594/- per Share/Warrant.

The stock closed the day at Rs.536.10, down by Rs.4.15 or 0.77%. The stock hit an intraday high of Rs.546 and low of Rs.534.05.

The total traded quantity was 22.67 lakhs compared to 2 week average of 18.88 lakhs.

Source : Equity Bulls

Keywords