Tata Steel’s subsidiary Natsteel Holding has sold 27.03 per cent stake in the Malaysian company Southern Steel Berhadits for $72 million (about Rs 338 crore). The sale is part of Tata Steel's strategy of restructuring its portfolio and reconsidering its position in geographies where it does not have a majority control.
The company will continue to explore various opportunities to grow its South-East Asian business in the future. NatSteel, a wholly-owned subsidiary of Tata Steel, has operations in
As on March 31, Tata Steel's gross debt was $11,882 million and the company was trying to repay its debt through various means including the stake sale in long-term investments. Last fiscal, the company sold stakes in various investments worth $218.6 million.
crackcrack| Company Name | CMP |
|---|---|
| Tata Steel | 206.60 |
| JSW Steel | 1215.20 |
| SAIL | 166.10 |
| Jindal Stainless | 779.95 |
| APL Apollo Tubes | 2064.15 |
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