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Tata Steel share sale fully covered-data

Tata Steel share sale fully covered-data
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First Published: Fri, Jan 21 2011. 11 26 AM IST
Updated: Fri, Jan 21 2011. 11 26 AM IST
Mumbai: Tata Steel’s up to $770 million share sale was fully covered by midday on Friday, the last day of the offer, stock exchange data showed.
Most bids were at the top end of the Rs 594 to Rs 610 price band.
Ahead of the public offer, Tata Steel raised Rs508 crore ($111.8 million) from anchor investors, including the Abu Dhabi Investment Authority, Government of Singapore, and investment units of Fidelity, Morgan Stanley and Credit Suisse.
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First Published: Fri, Jan 21 2011. 11 26 AM IST
More Topics: Tata Steel | Share Sale | FPO | Public Offer | Markets |