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Tuesday, January 11, 2011

Tata Steel Ltd., India's largest steel company, is planning to come up with a Follow-on Public Offer (FPO). The Board of Directors have approved Follow-on Public Offer (FPO) of 5.7 crore Equity shares of Rs.10/- each

The FPO is expected to hit the markets soon, although the precise dates for the FPO is not yet announced. The price band for the share sale and the minimum bid lot for the issue will be decided by the company in consultation with the book running lead managers (BRLMs)

Stay tuned for the latest updates on Tata Steel FPO!

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