Tata Steel Ltd.

Tata Steel through its wholly-owned subsidiary -- T S Global Holdings Pte has concluded the divestment of its 19% equity stake in AI Rimal to Tanmia on October 3, 2022. With this, the company’s shareholding is reduced from 70% to 51% in Al Rimal.

T S Global Holdings Pte (formerly T S Global Mineral Holdings Pte) had entered into an agreement with Oman National Investments Development Company (Tanmia) and the existing shareholders of Al Rimal to transfer its 19% shareholding in Al Rimal to Tanmia.

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.