Tata Steel has transferred 26 percent stake in Himalaya Steel Mill Services (HSMS) to Tata Steel Utilities and Infrastructure Services (TSUISL) for an undisclosed amount. TSUISL is a wholly-owned subsidiary of Tata Steel. It has also transferred its 100 per cent stake held in Tata Steel Advanced Materials (TSAML) to another subsidiary company Tata Steel Downstream Products (TSDPL).
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.
