7 metal companies of Tata Group will be merged with Tata Steel

Tata Steel’s CFO Kaushik Chatterjee explains the reasons behind the merger of the metals firms
Shareholders of the 7 metals companies of the Tata Group will get Tata Steel shares in lieu of their shares. Tata Steel’s board has fixed the swap ratio for the shareholders of the four listed companies.
7 metal companies of Tata Group will be merged with Tata Steel. Out of these seven companies, 4 companies are listed on the stock exchange. Tata Steel Long Products, The Tinplate Company of India, Tata Metallics and TRF Limited are listed on the stock exchange. Indian Steel and Wire Products, Tata Steel Mining and S&T Mining Company are not listed on stock exchanges. 7 metal companies of Tata Group.
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Tata Steel Executive Director and CFO Kaushik Chatterjee explained the rationale for the merger.  7 metal companies of Tata Group. He said, after the merger and successful merger of Bhushan Steel, the company decided to merge these seven companies under a logical strategy.
Steel pays the Govt. He said that these subsidiaries are already part of the consolidated entity of Tata Steel.
On the possibility of separation of Tata Steel’s India and overseas businesses, he said there is no such proposal so far.

Shareholders of the 7 metals companies of the Tata Group will get Tata Steel shares in lieu of their shares. 7 metal companies of Tata Group. Tata Steel’s board has fixed the swap ratio for the shareholders of the four listed companies. According to this, for every 10 shares of Tata Steel Long Products, shareholders will get 67 shares of Tata Steel. 7 metal companies of Tata Group.

For every 10 shares of India’s tinplate company, shareholders will get 33 shares of Tata Steel. 7 metal companies of Tata Group. For every 10 shares of Tata Metals, shareholders will get 79 shares of Tata Steel. For every 10 shares of TRF, the shareholder will get 17 shares of Tata Steel.

The board of Tata Steel has approved the merger proposal. Experts say the Tata Group is trying to simplify its holding structure. This step is part of this strategy.

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