MoneyWorks4Me

Tata Steel acquires 2.58 crore rights equity shares of Tata Sponge Iron

26 Jul 2019 Evaluate

Tata Steel has subscribed to 2.58 crore rights equity shares of Tata Sponge Iron at an issue price of Rs 500 per share totaling to Rs 1,292.2 crore. The price includes a premium of Rs 490 per rights equity share.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

Peers
Company Name CMP
JSW Steel 1245.00
Tata Steel 184.20
Steel Authority 174.55
Jindal Stainless 736.90
APL Apollo Tubes 2109.10
View more..