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S&P statement may not impact mkt negatively: StanChart Bank

A Rajagopal, StanChart Bank says S&P‘s statement may not have a serious negative impact on the market.
Tata Steel FPO opens; to review add'l fund raising later

The follow-on public offer (FPO) of the world's seventh largest steel maker Tata Steel opened for subscription on Wednesday. The company aims to raise Rs 3,385.8-3,477 crore through the issue, which will close on January 21. "The board will review additional fund raising later," said, the group’s chief financial officer Koushik Chatterjee.

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A Rajagopal

S&P statement may not impact mkt negatively: StanChart Bank

Tata Steel FPO opens; to review add'l fund raising later