The Committee of Directors of Tata Steel Bsl Ltd has today approved allotment of 670,00,00,000 - 8.89% Optionally Convertible Redeemable Preference Shares having face value of Rs. 10/- each for cash aggregating to Rs. 6,700 crore to Tata Steel Limited (OCRPS Series I) on private placement basis, on terms and conditions as approved by Board/Committee of the Board.
Shares of Tata Steel Bsl Ltd was last trading in BSE at Rs.29.3 as compared to the previous close of Rs. 29.75. The total number of shares traded during the day was 82623 in over 295 trades.
The stock hit an intraday high of Rs. 29.9 and intraday low of 29. The net turnover during the day was Rs. 2431000.