Tata Steel Ltd.

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.