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Tuesday, January 18, 2011

Tata Steel FPO opens from tomorrow

Tata Steel Ltd. is entering capital markets with an FPO which would open for subscription from tomorrow, i.e. Wednesday, January 19, 2011.

Tata Steel, formerly known as TISCO and Tata Iron and Steel Company Limited is the largest private sector steel company in India in terms of domestic production. Tata Steel is part of Tata Group of companies

The Follow-on Public Offer, which would comprise of 57,000,000 Equity Shares of Rs.10/- each would remain open for subscription upto Friday, January 21, 2011. The Price Band for the FPO is fixed at Rs.594/- to Rs.610/- per equity share with a bid lot of 10 Equity Shares and in multiples thereof

Kotak Mahindra Capital Company Ltd., Citigroup Global Markets India Pvt. Ltd., Deutsche Equities (India) Pvt. Ltd., HSBC Securities and Capital Markets (India) Pvt. Ltd., RBS Equities (India) Ltd., SBI Capital Markets Ltd. and Standard Chartered Securities (India) Ltd. are Book Running Lead Managers to the issue, while Link Intime India Pvt. Ltd. is the Registrar to the Issue
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