Foreign institutional investors (FII) offloaded shares worth Rs 997.76 crore, while domestic institutional investors (DII) purchased Rs 2,661.27 crore worth of stocks on October 9, provisional data from the National Stock Exchange (NSE) showed.
The upgrade is a result of the revision in Tata Steel s Standalone Credit Profile (SCP) from bb to bb+ due to reduced uncertainty and decreased financial risk associated with its UK operations.