Tata Steel touched an intraday high of Rs 662.05 and an intraday low of Rs 648.15. At 09:23 hrs the share was quoting at Rs 650.10, down Rs 10.80, or 1.63%.

The company is planning to raise up to Rs 7000 crore from the FPO to part finance its expansion, reports The Financial Express.

It was trading with volumes of 96,999 shares. On Friday the share closed down 3.35% or Rs 22.90 at Rs 660.90.