Tata Steel hikes stake in JV - Medica TS Hospital

14 Jan 2022 , 01:35 AM

Tata Steel has increased its stake holding from 26Percentage to 51Percentage in joint venture company Medica TS Hospital on conversion of a 5102 Optionally Convertible Debentures OCD of Rs 1000 each fully paid-up held in MTSHPL into 510200 equity shares of face value Rs 10 each fully paid-up ranking pari passu with the existing equity shares of MTSHPL; and b 492298 OCDs of Rs 1000 each fully paid-up held in MTSHPL into 49229800 001Percentage Optionally Convertible Redeemable Preference Shares OCRPS of face value Rs 10 each fully paid-up of MTSHPL