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Tata Steel informs about company updates

20 Oct 2018 Evaluate

Tata Steel has informed that a wholly owned indirect subsidiary of the Company, viz, TS Global Minerals Holdings, on October 18, 2018, entered into an agreement to divest its entire stake in its wholly owned step down subsidiary Black Ginger 461 Pty Ltd (BG) which in turn holds 64% in Sedibeng Iron ore Pty Ltd, South Africa (SeIO) which is the operating company. The stake has been divested to IMR Asia Holding which is a group company of IMR Metallurgical Resources AG (IMR), a global metals and mining group headquartered in Switzerland, and a leading supplier of raw materials to the steel industry. This disclosure is made in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The above information is a part of company’s filings submitted to BSE.

Tata Steel Share Price

211.35 -0.70 (-0.33%)
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