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Tata Steel informs about sale of equity shares

18 Sep 2015 Evaluate

Tata Steel has informed that the Company based on the review of its portfolio, is proposing to sell equity shares of face value of Rs. 2 each of Tata Motors to institutional investors over the stock exchange for a value not exceeding Rs. 1,250 crore. The price will be discovered through a book building process. The Company also proposes to sell equity shares of face value of Rs. 2 each of Tata Motors to Tata Sons around the market price through an off-market transaction for a total value not exceeding Rs. 1,250 crore.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
JSW Steel 1243.20
Tata Steel 177.30
Steel Authority 176.60
Jindal Stainless 738.40
APL Apollo Tubes 2126.00
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