Tata Steel earlier named The Tata Iron and Steel Co. ( TISCO ) was formed in 1907.
The massive and costly steel plant being put up at , now named , Jamshedpur required shares to be issued to the public for financing.
The Management , initially , opened the public issue in England. The response was not encouraging.
Then they decided to try to sell their shares to Indians.
Tatas write in their history that the response was overwhelming and unprecedented. Would be investors queued before Tata 's office in Bombay ( Mumbai ). They brought with them tiffin boxes and stools to sit on while waiting in the line.
. All the shares were sold. Industrialists saw the hitherto , untapped potential of Indian investors and the Indian capital waiting for investment.
February 07, 2018
Tata Steel Rights ( 2 Types ) Opens 14 th to 28 th Feb 2018
Two Rights Offers ( Separate and Unlinked ) :-
1 ) Fully Paid Equity shares @ Rs.510 , ratio 4 : 25
2 ) Partly Paid ( Rs 154 payable on Application - Rs.461 on First and Final Call- Total Cost Rs.615 / share , Ratio 2 : 25
February 15, 2018
Tata Steel Rights - FAQ
Record date: Thursday,February 01, 2018
Issue opening date :Wednesday,February 14, 2018
Last date for Split request:
Issue closing date:
“Please note that the balance amount of Rs 461/- on Partly Paid Shares would be called up by our Company as the first and final call, from the date of allotment of the Partly Paid Shares, in accordance with applicable law.”
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Phone: +91 22 49186300 Fax: +91 22 49186195
Disclosure : The Blog writer in his / family names has holdings in this Company So please make suitable " provisions " for any likely Over Optimism
All information given in good faith. Please recheck every point before taking any investment decision. No responsibility with this Blog or Blog Writer