News Overview

Reports suggest that the floor price for the deal has been fixed at ₹7,300 per share. This is at a 3.10% discount against the previous trading price.

Following the latest infusion, TSHP will remain a wholly owned foreign subsidiary of Tata Steel, the company said in a filing with stock exchanges.

The block, spread over 3.38 sq km in Adilabad district, has been offered under a composite licence, which permits both prospecting and mining operations.

– The issue comprises a fresh issue worth up to INR 5,000 million together with an offer for sale of up to INR 7,500 million.

The company has subscribed 60 Crore partly-paid equity shares of face value of ₹10 each. Of this, the company has paid ₹5 per share on application.

The contract, pegged at €4.22 million, will be spread over five years and covers cloud hosting, software licensing and implementation services.

Following the completion of the deal, ICI will be restricted by a 30-day lock-up period on its remaining shareholding, preventing further stake sales during this time.

The issue comprises a fresh issue of equity shares worth up to INR 480 crore together with an Offer for Sale of upto INR 333 crore.

Here are some of the stocks that may see significant price movement today: Polycab India, Tata Steel, Dalmia Bharat, etc.

Anand Rathi, IPO, Financial Services, Broking, Wealth Management