Merger
By: Rajendra
One of the world's most geographically diversified steel producers, operations and commercial presence across world
The management of the company said that the merger will save Rs 700 crore that it pays as royalty fees to the government.
– For every 10 shares of Tata Steel Long Products Limited, 67 shares of Tata Steel Limited;
For every 10 shares of The Tinplate Company of India Limited, 33 shares of Tata Steel Limited
For every 10 shares of Tata Metaliks Limited, 79 shares of Tata Steel Limited
– For every 10 shares of TRF Limited, 17 shares of Tata Steel Limited.
A subsidiary of Tata Steel, a part of the global steel giant back in 2003
Formerly TS Alloys Ltd is a 100 per cent subsidiary of Tata Steel Ltd.
The Company explores and develops coal mines, as well as offers mining operations