27
May
08:18
Tata acquires additional stake in Tata Steel Downstream
Tata Steel has acquired an additional 355,871 shares of INR 10 ($0.13) each in Tata Steel Downstream Products (TSDPL) at a premium of INR 130/share, the company says. TSDPL will use these funds for further investment in Tata's wholly-owned subsidiary – Tata Steel Advanced Materials – for business synergy and other general corporate purposes, it says.
The acquisition of 355,871 shares was made against the cash consideration of INR 5 crores ($64…
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