Follow-on public offer of country's largest steel maker Tata Steel is opened for subscription. KR Choksey Securities has recommended subscribing the issue with a long term perspective.
The company has fixed a price band at Rs 594-610 a share for issue of 5.7 crore ordinary equity shares. According to KR Choksey, India's steel demand is expected to grow by 9 -10%, while Chinese demand is expected to grow by 8-9 %. "We expect TSLDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
