The stock touched a low of Rs 264, down 6% from the day's high. It finally ended down 3.5% at Rs 265. A total of 4.74 million shares were traded on the BSE today.
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(Updated at 1058 hrs)
Tata Steel has began the day on a nervous note while the company has announced its plans to raise Rs 3,000 crore.
The stock opened at Rs 273 and soon touched a high of Rs 280. The stock however slipped to a low of Rs 268, and is now trading at Rs 272 - down 1%. Around 1 million shares have been traded on the BSE so far.
The company in order to repay the debt of its UK subsidiary, Tata Steel UK, is planning to raise Rs 3,000 crore by issuing non convertibe debentures.