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

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

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