Tata Steel Ltd.

Tata Steel has signed definitive agreements to induct ‘Oman National Investments Development Company’ (TANMIA) as a shareholder in Al Rimal Mining LLC, a Company which was incorporated with the objective of limestone mining in Oman.

As a result, the indirect equity stake of Tata Steel in Al Rimal Mining LLC will reduce from 70% to 51%. The other existing shareholders of Al Rimal Mining LLC will also sell their partial equity stake of 11% to TANMIA, leading to resultant shareholding of 30% for TANMIA in Al Rimal Mining LLC.

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.