Tata Steel moves up on acquiring further stake in T Steel Holdings
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Tata Steel is currently trading at Rs. 146.95, up by 0.75 points or 0.51% from its previous closing of Rs. 146.20 on the BSE.
The scrip opened at Rs. 148.30 and has touched a high and low of Rs. 149.00 and Rs. 146.50 respectively. So far 1739581 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.60 on 18-Jun-2024 and a 52 week low of Rs. 114.25 on 02-Nov-2023.
Last one week high and low of the scrip stood at Rs. 153.40 and Rs. 142.35 respectively. The current market cap of the company is Rs. 183506.80 crore.
The promoters holding in the company stood at 33.19%, while Institutions and Non-Institutions held 43.19% and 22.98% respectively.
Tata Steel has acquired 115,92,35,669 ordinary equity shares of face value $0.157 each aggregating to around $182 million (Rs 1,528.24 crore) in T Steel Holdings (TSHP) on August 14, 2024. Post this acquisition, TSHP will continue to be a wholly owned subsidiary of the Company.
Earlier, the company had acquired 557,32,48,408 equity shares of face value $0.157 each aggregating to $875 million (Rs 7,324.41 crore) in T Steel Holdings, a wholly owned foreign subsidiary of the Company.
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.
