Tata Steel gains on completing acquisition of itemized assets from Stork
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Tata Steel is currently trading at Rs. 951.50, up by 2.05 points or 0.22% from its previous closing of Rs. 949.45 on the BSE.
The scrip opened at Rs. 949.05 and has touched a high and low of Rs. 955.70 and Rs. 943.60 respectively. So far 127618 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.60 on 16-Aug-2021 and a 52 week low of Rs. 827.10 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 974.00 and Rs. 924.65 respectively. The current market cap of the company is Rs. 115755.39 crore.
The promoters holding in the company stood at 33.92%, while Institutions and Non-Institutions held 41.06% and 24.24% respectively.
Tata Steel has completed the acquisition of itemized assets to produce ferro alloys from Stork Ferro and Mineral Industries (Stork) on July 26, 2022 and the appropriate consideration has been paid. Post-closing adjustment and activities shall be completed in due course.
Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
