Tata Steel has informed that the Board of the company has approved the terms to create 50:50 joint venture which will combine the European steel businesses of Tata Steel and thyssenkrupp AG and has adopted resolutions for the signing of the definitive agreement. This follows the signing of a Memorandum of Understanding in September 2017. The formal execution of the definitive agreements is expected shortly. The disclosure is being submitted in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The above information is a part of company’s filings submitted to BSE.
