Tata 
Sons has hiked its stake in Tata Tea from 19.1% to 22.8% via conversion of 2.8 million warrants into shares. Importantly, the conversion has already been approved by the Committee of Directors (CoD). The conversion at Rs.726.45/warrant was done as per the guidelines specified by SEBI. Before the hike, Tata Sons held 11.2 million shares in Tata Tea, while presently, Tata Sons holds 14 million equity shares of Tata Tea. Though an up-front payment of Rs.10 per warrant has been made, the balance amount was paid prior to the conversion.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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Sons has hiked its stake in Tata Tea from 19.1% to 22.8% via conversion of 2.8 million warrants into shares. Importantly, the conversion has already been approved by the Committee of Directors (CoD). The conversion at Rs.726.45/warrant was done as per the guidelines specified by SEBI. Before the hike, Tata Sons held 11.2 million shares in Tata Tea, while presently, Tata Sons holds 14 million equity shares of Tata Tea. Though an up-front payment of Rs.10 per warrant has been made, the balance amount was paid prior to the conversion.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
For More IIPM Article, Visit Below....
ABOUT IIPM
More about IIPM
IIPM : WHAT’S SECURITISATION?
iipm academics > faculty
IIPM Alliances
IIPM Admission > Application Details
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