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Tata Steel’s arm completes acquisition of controlling stake in Bhushan Steel

21 May 2018 Evaluate

Tata Steel’s wholly-owned subsidiary -- Bamnipal Steel has successfully completed the acquisition of controlling stake of 72.65% in Bhushan Steel. The company will be paying Rs 1,200 to operational creditors of Bhushan Steel over a period of 12 months.

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.

Peers
Company Name CMP
JSW Steel 1248.80
Tata Steel 182.85
Steel Authority 173.05
Jindal Stainless 730.75
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