The five companies being integrated are Tata Steel Mining Ltd, Tata Steel Long Products Limited, S&T Mining Company Limited, The Tinplate Company of India Ltd, and Tata Metaliks Limited.
TRF shareholders were to get for 17 shares of Tata Steel for 10 of the company, which was a 53 percent discount at the time. The discount had narrowed to 10 percent as per the closing price of February 6
The company is one of the few manufacturers of CRS-grade rebars and supplies to the Indian armed forces as well as to other national infrastructure projects.
According to a regulatory filing by Tata Metaliks, the board meeting, scheduled for January 12, to declare company's financial results has been cancelled.
Nifty futures on the NSE International Exchange traded 8.50 points, or 0.04 per cent, higher at 21,715.00, hinting at a flattish start for the domestic market on Friday.
A long build-up was seen in 58 stocks, which included Delta Corp, HDFC Asset Management Company, Gujarat Gas, Torrent Pharmaceuticals, and Mahanagar Gas.
The RBI has set the redemption price at Rs 6,132 per gram which is a 128% (Rs 3,448) premium over the issue price of Rs 2,684 per gram, the interest income is calculated over the issue price at 2.5% per annum for the maturity period of eight years
Based on the OI percentage, 64 stocks were on the short-covering list. These included Sun TV Network, Torrent Pharma, Balkrishna Industries, Bosch, and ABB India.
A short build-up was seen in 50 stocks, including ICICI Prudential Life Insurance Company, Bank of Baroda, IndiaMART InterMESH, Balrampur Chini Mills, and Coforge.
Nifty futures on the Nifty International Exchange traded 1.5 points, or 0.01 per cent, lower at 19,563.50, hinting at a flattish start for the domestic market on Thursday.
A short build-up was seen in 61 stocks, including HDFC Bank, LTIMindtree, L&T Technology Services, Bata India and Gujarat Gas. An increase in OI along with a price fall indicates a build-up of short positions.