Tata Steel, one of India's largest steel manufacturers, is reportedly planning to pay $663 million to its UK pensioners as a one-time settlement under a new and rare scheme called the Regulated Appointment Arrangement (RAA). The company is finalizing its terms with the British regulators to clear all its pension liabilities.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
