March 12, 2003
Tata Sponge listed on NSE
In order to provide more liquidity to investors throughout the country, 154,00,000 equity shares of the company have been listed on the National Stock Exchange (NSE).
Effective from 24th February 2003, the shares of the company are being traded directly in the “Listed” category instead of “Permitted to Trade” category.
NSE provides a trading platform that extends across the length and breadth of the country. Investors from around 400 centres can avail of trading facilities on the NSE Trading Network. The Exchange uses the latest communication technology to ensure instant access from any location in India. The Exchange uses a sophisticated telecommunication network with over 7,000 trading terminals connected through VSATs (Very Small Aperture Terminals).
The NSE network is used to disseminate information and company announcements across the country. Important information regarding the company is announced to the market through the Broadcast Mode on the NEAT System as well as disseminated through the NSE website. Corporate developments such as financial results, book closure, announcements of bonus, rights, takeover, mergers, etc. are disseminated across the country.