Investor reaction to the issue was substantial, as it was subscribed 320 times.
Prior to this, Whitehaven Coal had declared that it would offer international steelmakers a 20% share in the mine
For every ten shares they own in Tata Steel Long Products, shareholders will receive 67 shares of Tata Steel.
The stock was up 3.23% from its previous finish at Rs 131 as of 12:30 am on the BSE, while India's key Sensex increased by 0.08% to 65.436 points.
JSW Steel and JFE concluded a joint feasibility study on May 22.
The company's standalone sales volume for the quarter was 548,613 MT.
The Indian steelmaker is in talks with banks about potential financing.
Tata Steel further added that this initiative is open to participants from India and the UK.
Tata Steel is appealing the Delhi High Court's January 13 order.
The index reshuffling stems from the completion of the major corporate merger between HDFC and HDFC Bank.
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