Tata Steel Ltd.

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Tata Steel’s arm to divest entire stake in NSV for Rs 36 crore

Date: 05-11-2019

Tata Steel’s step-down subsidiary -- NatSteel Holdings Pte (NSH) has agreed to divest its entire 56.5 per cent stake in NatSteel Vina (NSV) for about Rs 36 crore to a Vietnam-based Thai Hung Trading Joint Stock Company.

NSH is a wholly-owned subsidiary (WOS) of TS Global Holdings (TSGH), which in turn is a WOS of T Steel Holdings, which ultimately is a WOS of Tata Steel.

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.