Wednesday, 25 June 2014

Tata Steel trades higher on the bourses


The promoters holding in the company stood at 31.35% while Institutions and Non-Institutions held 40.87% and 24.81% respectively.

Tata Steel has concluded the disinvestment of its stake in the Dhamra Port Company to Adani Ports & Special Economic Zone (APSEZ). The company had earlier executed the share purchase agreement dated May 16, 2014 with L&T Infrastructure Development Projects (L&T IDPL) and APSEZ for the same.

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.

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