Tata Steel Ltd.

Tata Steel is reportedly planning to hike its stake from 72.65% to 75% by buying an additional 2.5% stake in Bhushan Steel from lenders. This will make merger easier with Bhushan Steel. The company has received approval from lenders for the merger with Bhushan Steel in the current FY19.

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.