Tata Steel has made the first and final call of Rs. 461 per share on partly paid-up equity shares. As result, w.e.f February 17, 2021 the partly paid shares are suspended from trading on the exchanges and you will not be able to see this holdings on Kite. You can check the announcement from the company here.
|Payment||₹ 461 per share|
|Call Payment Period||March 1, 2021 to March 15, 2021|
|Allotment of Shares||Within 2 to 3 weeks from last date of payment|
What are the modes for payment?
You can make call payment through the following modes:
- Netbanking ASBA: Through the website of the SCSB’s.
- Physical ASBA: By submitting a physical application to the Designated Branch of SCSB’s.
- Cheque / Demand Draft.
You can also make payment through the website of the Registrar and Transfer agent.
What will happen if I don’t make call payment?
The partly paid shares may be forfeited if you fail to pay the call money. The company may also levy interest on the amount you owe. You can learn more in the announcement of the call by the company,