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Thursday, January 20, 2011

Tata Steel FPO, which is open for subscription since yesterday, has been bid about 45% or 0.45 times on an overall basis till 1600 hrs IST on Day 2 of its opening, as per the data available on the NSE website. The subscription in the Retail Category has remained feeble till now

Tata Steel is a part of Tata Group of companies. Tata Steel intends to use proceeds from the FPO for partly financing the company’s share of capital expenditure for expansion of existing works at Jamshedpur; and payment of redemption amounts on maturity of certain redeemable non-convertible debentures issued by the company on a private placement basis

Check back Indian IPO Blog regularly for the latest subscription status updates on Tata Steel FPO!

Related posts:
- Tata Steel FPO bid 0.48 times till second day
- Tata Steel FPO - Bidding Status on Day 2
- Tata Steel FPO subscribed 6 times



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