Partly paid shares outshine ordinary shares at Tata Steel

Mumbai: The partly-paid shares of Tata Steel have outpaced the company’s ordinary shares in the recent run-up, resulting in their spread narrowing to less than a per cent on Tuesday. Tata Steel’s partly-paid up shares have surged 497 per cent since March 23 as against the 134 per cent in ordinary shares during the period, thanks to the improving outlook for metals worldwide.“Tata Steel shares have gained in the last few months because the steel