tata steel merge 7 group metal companies

Merger

By: Rajendra

TATA STEEL 

One of the world's most geographically diversified steel producers, operations and commercial presence across world

Why Merger

The management of the company said that the merger will save Rs 700 crore that it pays as royalty fees to the government.

TATA STEEL LONG PRODUCT LTD

– For every 10 shares of Tata Steel Long Products Limited, 67 shares of Tata Steel Limited;

1

TINPLATE COMPANY OF INDIA LTD

For every 10 shares of The Tinplate Company of India Limited, 33 shares of Tata Steel Limited

2

TATA METALIKS

For every 10 shares of Tata Metaliks Limited, 79 shares of Tata Steel Limited

3

TRF

– For every 10 shares of TRF Limited, 17 shares of Tata Steel Limited.

4

THE INDIAN STEEL & WIRE PRODUCTS LTD (Unlisted)

A subsidiary of Tata Steel, a part of the global steel giant back in 2003

5

TATA STEEL MINING LTD (Subsidiary)

Formerly TS Alloys Ltd is a 100 per cent subsidiary of Tata Steel Ltd.

6

S&T MINING COMPANY  LTD (Subsidiary)

The Company explores and develops coal mines, as well as offers mining operations

7