Tata Sponge Iron Limited has approved the issuance of 3,30,00,000 equity shares of face value of Rs. 10 each, on a rights basis, not exceeding an amount of Rs. 1,650 crores, in ratio of 15:7 i.e. 15 equity shares for every 7 equity shares held by eligible equity shareholders of the company as on the record i.e. June 25, 2019.
Issue price is Rs. 500 per equity share.
Issue opening date - July 2, 2019.
Issue closing date - July 16, 2019.
Shares of TATA SPONGE IRON LTD. was last trading in BSE at Rs.706.2 as compared to the previous close of Rs. 706.85. The total number of shares traded during the day was 3837 in over 277 trades.
The stock hit an intraday high of Rs. 723 and intraday low of 703.65. The net turnover during the day was Rs. 2740526.