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Buzzing Stocks
· Tata Steel has raised `5.07bn through allotment of about 8.3mn shares to a clutch of anchor investors at the upper end of price band of its public offer, which is open for subscription.
· The S&T Mining Company, a 50:50 joint venture between Tata Steel and SAIL is set to get coal blocks soon.
· Rolta has sold its 50% stake in Shaw Rolta to its joint venture partner, Stone & Webster for `1.6bn.
· Tatas, Essar and SAIL are among the 14 Indian companies that have evinced interest in developing the Hajigak mines, containing an estimated 1.8bn tons of iron ore, in Afghanistan.
· RCOM has raised $255mn through external commercial borrowing (ECB) to partly refinance 3G payments.
· HCL Infosystem sold its entire stake in its internet provider subsidiary, HCL Infinet to broadband services company Tikona Digital Networks.
· Coal India will operationalise a new underground mine having a reserve of 20 million tonne in Jharkhand.
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