Tata Sponge Iron trades higher on the BSE

Tata Steel Long Products Ltd. - (Amalgamated) | Steel/Sponge Iron/Pig Iron | Metals & Mining | BSE: 513010 | NSE: TATASTLLP

03 Jul 2019 Evaluate

Tata Sponge Iron is currently trading at Rs. 544.00, up by 4.00 points or 0.56% from its previous closing of Rs. 540.00 on the BSE.

The scrip opened at Rs. 546.00 and has touched a high and low of Rs. 548.95 and Rs. 541.75 respectively. So far 4125 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.38 on 18-Jul-2018 and a 52 week low of Rs. 527.15 on 20-Jun-2019.

Last one week high and low of the scrip stood at Rs. 558.30 and Rs. 537.45 respectively. The current market cap of the company is Rs. 2627.15 crore.

The promoters holding in the company stood at 54.50%, while Institutions and Non-Institutions held 6.17% and 39.33% respectively.

Tata Sponge Iron’s Promoter -- Tata Steel has undertaken that it will subscribe to the full extent of the aggregate rights entitlement of the Promoter in the Rights Issue, it will acquire any additional rights equity shares and in the event of under subscription in the Rights Issue, it will subscribe to such additional rights equity shares offered in the Rights Issue as may be required to ensure that the aggregate subscription in the Rights Issue shall be at least but not more than 90% of the rights equity shares offered in the Rights Issue.

Accordingly, Tata Steel has undertaken that it will participate in the Rights Issue to the extent of 90% of the Rights Issue size, i.e., up to Rs 1.48 lakh.

Tata Sponge Iron is engaged in business of manufacturing high-grade sponge iron that is consistent quality. The company also in the business segment of Power, Sponge Iron.

Tata SteelLong-Amalg Share Price

829.45 0.00 (0.00%)

16-Nov-2023 17:59 View Price Chart

Peers

Company Name	CMP
Jindal Steel	1248.10
Lloyds Metals&Energy	1735.25
Jai Balaji Inds	83.52
Steel Exchange India	10.66
Rajputana Stainless	135.05
View more..

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