Tata Steel acquires Rs 20cr worth stake in Tata Steel Mining

Tata Steel Limited gas acquired 10.4 million equity shares of Tata Steel Mining for INR 10 each at a premium of INR 9.15 per share.

The total consideration for the stake is around INR 20.06 crores.

Following the closing of the deal, Tata Steel Mining will continue to be a fully-owned subsidiary of Tata Steel Limited.

Tata Steel acquires Rs 20cr worth stake in Tata Steel Mining. Photo courtesy of Multi Hero/Wikipedia.org.