Anchor investors get Tata Steel at Rs 610/sh

MUMBAI: Tata Steel’s committee of board of directors in consultation with the book running lead managers has finalised allocation of 83,25,000 shares to anchor investors at price of Rs 610 per equity share ahead of its follow-on public offer.

Tata Steel’s anchor investors include FID Funds, Abu Dhabi Investment Authority, Nomura, Macquarie Bank, PCA India Infrastructure, Credit Suisse, Monetary Authority of Singapore, Government of Singapore, Bajaj Allianz Life Insurance, Morgan Stanley, Global Strategic Investments, Pictet Funds, Metlife India Insurance, Indud Capital Advisors, Reliance Life Insurance, The India Fund, HDFC Trustee ,ICICI Prudential, Geosphere Fund, Emerging Markets Growth Fund, Barclays Capital and Broad Peak Mauritius.


The company has entered the capital market to raise between Rs 3385.8 – Rs 3477 crores by offering shares in the price band of Rs 594-610/share.

The issue closes Friday.