Tata Steel Limited Rights Issue Allotment Status
In the Tata Steel [Telco] rights issue, equity shareholders of Tata Steel will get one rights share for every 5 shares held [5:1]. Tata Steel has priced the rights issue at Rs. 300 per share for this option.
There was one more option for investors for this rights issue. The rights issue was with ratio of 9:10 (9 rights for every 10 shares of Tata Steel held by existing shareholders of tata steel). The face value of CCPS is Rs. 100 and this will be automatically and compulsorily converted into equity shares of Tata Steel of face value Rs. 10 each. The record date for both the Tata Steel Rights Issue had been fixed as November 05, 2007.
Tata Steel limited rights issue allotment status has been declared and currently available at the given link here.
We will keep you updated on rights issue whenever we get information on.
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Comments
I was offered 68 rights issue shares and 307 CCPS. I renounced all my shares & CCPs in favour of my son Mr, Damanjeet singh who had applied for the same and deposited the application along with drafts with HDFC Bank Sec-35 Chandigarh.My son received 307 CCPs distinctive Nos2458857 to 2459163 but has not received his rights shares which he had applied i,e 68+7=75 shares on the CAFno, 1240338/27364 renounced by me along with draft no.470253 dated 14.12.2007 My ID No.is IN30112716822878 on which I have received this offer.
I,therfore request you to please take up the matter with Tata Steel Ltd. and arrange to send the rights shares to my son, I had already sent No. of E-mails to the Reistrars to the issue and the company but of no use a si have not received a single reply from them,
Surinder Pal Singh ID no.IN30112716822878
#371/3 Arjun Nagar, Lower Mall, Patiala-147001(Pb)
Surinder Palji, we are not responsible for giving you the shares. Unfortunately, we would not be able to help you directly but we would try to see what all we can do in your case and let you know.
I have 600 shares when I was an employee with the Tata Steel in 1992. I would like to know the status of my shares.
Whome should I contact .KINDLY HELP ME.