TRF: tata steel news: DRF shares rose 5 per cent after Tata Steel invested Rs 165 crore in DRF.
Mumbai, First Published Jun 10, 2022, 10:15 AM IST
TRF: tata steel news: DRF shares rose 5 per cent after Tata Steel invested Rs 165 crore in DRF.
DRF shares, which had traded at Rs 140 at the start of trading this morning, rose 5 per cent to Rs 141.45. But was immediately locked.
“Tata Steel has invested Rs 165 crore and bought 16.50 crore shares,” DRF said in a filing to the Bombay Stock Exchange on Tuesday. Prior to the investment, Tata Steel had a 34.11 per cent stake in DRF. This will enable DRF to meet the additional investment requirements of the company, including debt repayment.
DRF is the largest designer, manufacturer and manufacturer of equipment for the industrial, power, port, steel, mining, and cement plants.
Last Updated Jun 10, 2022, 10:15 AM IST
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