Tata Steel fixes price band for FPO

Tata Steel Ltd has fixed the price band for proposed Follow-on public offer (FPO) of equity shares of Rs. 10 each (the "Equity Shares"). The price band has been fixed at Rs 594 to Rs 610 per Equity Share.

The Bid opens on January 19, 2011 and closes on January 21, 2011. The anchor book opens and closes on January 18, 2011. The minimum bid lot will be 10 equity shares of Rs. 10 each.

The stock closed the day at Rs.621.70, down by Rs.15.75 or 2.47%. The stock hit an intraday high of Rs.638.35 and low of Rs.618.30.

The total traded quantity was 15.73 lakhs compared to 2 week average of 17.44 lakhs.

Source : Equity Bulls

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