Tata Steel has hiked its shareholding in its subsidiary -- Tinplate Company of India -- by 14% for over Rs 87.92 crore. Following the acquisition, the company now holds 73.44% stake in the Tinplate. The acquisition was done through a voluntary open offer made to the shareholder of the Tinplate between August 7 and August 22.
Few days back, Tata Steel purchased 11.26% stake or 17.34 lakh shares of associate firm Tata Sponge Iron through a voluntary open offer.
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.
| Company Name | CMP |
|---|---|
| Tata Steel | 212.05 |
| JSW Steel | 1279.60 |
| SAIL | 175.05 |
| Jindal Stainless | 787.90 |
| APL Apollo Tubes | 2107.15 |
| View more.. | |
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