Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
22 October, 2018 17:13 IST
Tata Steel to acquire additional 4.19% stake in Subarnarekha Port
Source: IRIS | 11 Apr, 2018, 09.53AM
Comments  |  Post Comment

Tata Steel has on April 09, 2018 entered into a definitive agreement to subscribe to additional 4.19% equity share of Subarnarekha Port for consideration of Rs 100 million.

Following such subscription, Tata Steel (Q,N,C,F)* shall hold an aggregate 7.06% of the equity share capital of Subarnarekha Port. The transaction is expected to be completed in one month.

Subarnarekha Port, is a subsidiary of Creative Port Development which has executed a concession agreement with Government of Odisha to develop the Subarnarekha Port.

Shares of the company gained Rs 5.45, or 0.91%, to trade at Rs 607.15. The total volume of shares traded was 112,879 at the BSE (9.40 a.m., Wednesday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Biocon, Mylan announce positive CHMP Opinion for Ogivri - 22-Oct-2018 10:28
Lupin announces positive CHMP opinion for NaMuscla - 22-Oct-2018 09:51
Tejas Networks bags Rs 1.11 bn order from Sterlite Technologies - 22-Oct-2018 09:45
Alembic Pharma' JV completes USFDA inspection of Karakhadi unit - 22-Oct-2018 09:41
Lupin's Pithampur unit-3 inspected by USFDA - 19-Oct-2018 16:01
Surya Roshni bags order worth Rs 503.4 mn - 19-Oct-2018 11:22
Glenmark Pharma to present data on investigational treatment for Atopic Dermatitis - 19-Oct-2018 09:55
Zydus Cadila receives tentative approval for Colchicine tablets - 18-Oct-2018 16:21
Ramco Systems partners with Airbus Helicopters SAS - 18-Oct-2018 10:26
ABB secures order worth Rs 1.15 bn from Indian Railways - 18-Oct-2018 10:20
Zydus Cadila gets nod for Clobetasol propionate cream - 17-Oct-2018 15:19
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer