Tata Steel Long Products Close to Acquiring 93.71% Stake in Neelachal Ispat

Tata Steel Long Products (TATASTLLP, BOM:513010) accepted the letter of award extended by the Department of Investment and Public Asset Management of India, to acquire a 93.71% stake in Neelachal Ispat Nigam.

The acquisition of Neelachal Ispat Nigam is likely to be completed within the next couple of months, according to a Wednesday filing by the Tata Steel (TATASTEEL, BOM:500470) subsidiary.

Price (INR): ₹1243.50, Change: ₹+21.15, Percent Change: +1.73%

10:58Feb 10, 2022MT Newswires

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