Allocation of 4 000 NCDs approved by Tata Steel Limited

Allocation of 4 000 NCDs approved by Tata Steel Limited

Allocation of 4 000 NCDs approved by Tata Steel Limited

Allocation of 4 000 NCDs:

Today, the Tata Steel Limited ‘s Committee of Managers approved the allocations of Rs. 10,00,000/- for cash worth Rs. 400 crore to private placements, on the terms and conditions referred to in the Information Memorandum for the said investment, for an allocation of 4,000-8,08 percent p. an Unsecured, rated, listed, redeemable, floating coupon and non-convertible debenture.

NCDs proposed included in the BSE Limited segment of the Wholesale Debt Market (WDM). In 11199 trades, 992819 shares traded during the day.

The stock reached an intraday high of Rs 323.2 and an intraday low of Rs 314.7. The day’s net sales Rs 317082786.

Besides, on June 3rd, the share of Tata Steel Limited traded with the bearish trend. I traded with a loss of 2.20 points reached 317.20 INR with 0.69% down in NSE. Whereas in BSE, it traded with a loss of 2.30 points reached 317.00 INR with 0.72% down.

Stock Market June 3rd Update Sensex and Nifty

Stock Market June 3rd: On the third day of the week, the stock market traded with the bullish trend. The Sensex traded with a gain of 284.01 points reached a 34,109.54 level with 0.84% up. Whereas, Nifty trading with a gain of 82.45 points reached 10,061.55 level with 0.83% up.

In the border market, the S&P BSE Midcap trading with a gain of 37.96 points reached 12,340.65 level with 0.31% up. Whereas, S&P BSE SmallCap trading with a gain of 142.24 points reached 11,570.65 with 1.24% up. At the same time, Nifty bank trading with a gain of 410.50 points reached 20,940.70 level with 2.00% up.

Top Gaining stocks: Mahindra & Mahindra, Bajaj Finance, Kotak Mahindra Bank, Nestle India, and ICICI Bank Ltd.

Top Losing stocks: Zee Entertainment Enterprises, NTPC, Bharti Infratel, Wipro, and Indusind Bank Limited.

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