Face value

Tata Steel acquires 178 crore shares in Singapore arm TSHP for USD 280 million

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Tata Steel acquires 178 crore shares in Singapore arm TSHP for USD 280 million

Tata Steel on Wednesday said it has acquired about 178 crore additional equity shares of T Steel Holdings Pte Ltd for USD 280 million, taking the total fund infusion into its Singapore-based arm to USD 1,337 million. “Tata Steel acquired 1,78,34,39,490 ordinary equity shares of face value USD 0.157 each aggregating to USD 280 million … Read more

Edelweiss Financial Services’ Rs 200 cr NCD issue opens, to have 9-10.5% annual yields

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Edelweiss Financial Services’ Rs 200 cr NCD issue opens, to have 9-10.5% annual yields

Edelweiss Financial Services said its Rs 200 crore public issue of debentures opened on Monday. The non-convertible debentures (NCDs) will have an effective annual yield of 9 per cent to 10.46 per cent. The issue will close on April 23. The NCDs carry fixed coupons and have a tenure of 24 months, 36 months, 60 … Read more