Overview
Announcements

Acquisition | TATA STEEL LONG PRODUCTS LTD | 17th November 2023

Announced on 22 September 2022, TATA STEEL LTD made a stock offer of 6.7 shares each per TATA STEEL LONG PRODUCTS LTD share. The offer was approved by the Shareholders on 27 June 2023. On 3 November 2023 the NCLT approved the scheme setting the effective date for 17 November 2023.

The treatment below will be applied to the following indices:

  • TATA STEEL LONG PRODUCTS LTD will be removed from the Index.
  • The shares of TATA STEEL LTD (TISC.NS) will be increased according to the stock terms of the transaction.
  • Effective Date (open): 17/11/2023

RAFI Fundamental Global All Company Index NTR
RAFI Fundamental Global All Company Index PR
RAFI Fundamental Global All Company Index GTR