www.infystocks.co.uk

9 October 2007

TISCO

"Chidiyon se mein baaj ladaoon , tabhi guru gobind singh nam kahlaoon"
" My sparrow is equal to million Hawks, thats my identy"

Nifty Meri and Peri works today is the b - day of guru ram dass ji hope all enjoyed with gure kipra sensex jumped 788 points now its time to see flying jet now it is Tatastell WE POSTED IT IT 799 TARG 1000 SL 799 TODAY 11:48AM
NIFY SL 5260 IS GOOD AND LAST SUPPORT OF NIFTY TARG 5546 LONG IT STOCKS FOR 12 OCT WE LOVE SINGLE ONE INFY

India's Tata Steel said on Monday it would raise 54.81 billion rupees ($1.39 billion) in a previously announced issue of convertible preference shares to partly finance its $13 billion acquisition of Corus.

Existing shareholders could buy nine convertible shares for every 10 held. Six convertible shares of 100 rupees each would be automatically converted into one equity share of 10 rupees on Sept. 1, 2009, it said in a statement to the stock exchange.

The company's shares were down 4.0 percent at 799.90 rupees at 0554 GMT in a Mumbai market down 1.3 percent.

In April, the company had said it would raise 43.5 billion rupees through convertible shares. In July, it raised the size to 60 billion rupees, which at the prevailing exchange rate amounted to $1.48 billion.


We are very much thanks to Dr Atul kapoor and his investors who faith in us & popular your web have a nice day

by erectusplus at 14:32:00 |