• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mumbai, Dec 17

The board of directors of Steel Strips Wheels Ltd has approved the allotment of 12,55,856 equity shares of Rs 10 each at a price of Rs 170 each on preferential basis to Kalimati Investment Company Ltd (a wholly owned subsidiary of Tata Steel Ltd). Tata Steel Ltd is the main supplier of raw materials to Steel Strips Wheels. This is subject to the approval of the shareholders in their meeting to be held on January 11, the company informed the BSE on Monday. —

Our Bureau

More Stories on : Preferential Allotments | Steel

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Diamond Cables to raise Rs 250 cr

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line