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Tata Steel acquires 14.28% stake in Indian Foundation for Quality Management

26 Jun 2024 Evaluate

Tata Steel has acquired 1,25,00,000 equity shares of face value Rs 10 each aggregating to Rs 12.5 crore (14.28%) in Indian Foundation for Quality Management (IFQM). IFQM has been incorporated as a section 8 company with an aim to empower and encourage the Indian organizations in diverse sectors to embrace and integrate quality values, principles, and practices in all aspects of management.

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.

Peers
Company Name CMP
JSW Steel 1232.35
Tata Steel 178.00
Steel Authority 175.80
Jindal Stainless 742.00
APL Apollo Tubes 2096.95
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