iifl-logo-icon 1
iifl-logo-icon 1
iifl-logo-icon 1
Home
IIFL

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Tata Steel acquires stake worth Rs625 crore in Tata Steel Mining

11 Apr 2022 , 12:04 PM

Tata Steel Limited informed that it has acquired 32,63,70,757 equity shares of Rs10 each at a premium of Rs9.15 per share, of Tata Steel Mining Limited, a wholly-owned subsidiary of Tata Steel Limited, for an amount aggregating to approximately Rs625 crore.

Upon completion of this acquisition, Tata Steel Mining Limited will continue to be a wholly-owned subsidiary of the Company.

Tata Steel Mining Limited is a wholly-owned subsidiary of Tata Steel Limited and is a key player in the mining and Ferro Alloys business. TSML operates 3 Chromite mines, and 1 ferro alloy plant and has partnered with 8 external ferro processing centers for the manufacture of ferro chrome. TSML is a provider of raw materials to stainless steel, alloy steel, and refractory manufacturers across the globe, as per filing.

Tata Steel’s stock was trading marginally higher at Rs1,371.50 against its previous close of Rs1,370.75 on NSE. It touched intraday high and low of Rs1,384 and Rs1,365 respectively.

Related Tags

  • Tata Steel Acquisition
  • TataSteel
  • TataSteelAcquisition
  • TataSteelNews
  • TataSteelStock
  • TataSteelUpdates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Most Read News

Markets give up gains in the last 1 hour

Markets give up gains in the last 1 hour

Whatsapp
Facebook
Twitter
LinkedIn
30 Apr 2024|06:30 PM
How to verify your Mutual Fund KYC status and what to do next

How to verify your Mutual Fund KYC status and what to do next

Whatsapp
Facebook
Twitter
LinkedIn
30 Apr 2024|02:54 PM
Asirwad Microfinance gets IPO approval from SEBI

Asirwad Microfinance gets IPO approval from SEBI

Whatsapp
Facebook
Twitter
LinkedIn
30 Apr 2024|03:09 PM
KEC International gets new orders of Rs 1,036 crore

KEC International gets new orders of Rs 1,036 crore

Whatsapp
Facebook
Twitter
LinkedIn
30 Apr 2024|02:50 PM
Tata Motors partners with South Indian Bank for commercial vehicle financing

Tata Motors partners with South Indian Bank for commercial vehicle financing

Whatsapp
Facebook
Twitter
LinkedIn
30 Apr 2024|02:51 PM
Read More
Marketplus
Derivativesplus
IPOplus
Mutual Fundsplus
Calculatorsplus
Nifty 50plus
Companyplus
Loansplus
Knowledge Centerplus
Newsplus
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Marketplus
Derivativesplus
IPOplus
Mutual Fundsplus
Calculatorsplus
Nifty 50plus
Companyplus
Loansplus
Knowledge Centerplus
Newsplus

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Securities Ltd. All Rights Reserved

About
IIFL Group
Products & Services
Trading Documentation
Useful Links
ATTENTION INVESTORS
  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.