At meeting held on 31 March 2022
Retail investors showed interest in the IPO as the portion set aside for them was subscribed 1.88 times.
The steel major said it will acquire ferro alloys producing assets of Odisha-based Stork Ferro and Mineral Industries for Rs 155 crore in an all-cash deal. An asset transfer agreement has been signed between the two companies on Wednesday.
With the new capacity, the company can now manufacture pipe up to 8mm thickness, said company.
The company did not give any estimate of the amount to be raised.
LME Inventories Data – 30 March 2022 Copper 87925 (6425), Aluminium 654475 (-8750), Nickel 72540 (-90), Lead 38725 (0), Zinc 142100 (-150). All figures in tonnes, Daily change in bracket. Powered by Commodity Insights
The company acquires 117 crore Non-Convertible Redeemable Preference Shares of face value Rs100/- each of TSLP on a private placement basis.
Powergrid Unchahar Transmission Limited has been appointed as the Investment Manager of the Trust.
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