05
Jul
08:40
Tata concludes NINL acquisition
Tata Steel Long Products (TSLP) has completed the acquisition of a 93.71% stake in Neelachal Ispat Nigam (NINL), Kallanish notes.
The transaction has been completed for an aggregate consideration of INR 12,100 crore ($1.53 billion) as per the share sale and purchase agreement carried out by the Department of Investment and Public Asset Management (DIPAM).
“The acquisition of Neelachal Ispat Nigam (NINL) is a historic achievement and a significant milestone …
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