Tata Steel Mining acquires 10% stake in subsidiary Rohit Ferro Tech
Tata Steel Mining (TSML), a wholly-owned subsidiary of Tata
Steel has, on 14 June 2022, paid consideration for acquiring 10% equity stake held by the Financial Creditors in Rohit Ferro Tech (RFT), a subsidiary of TSML, for an amount aggregating to approximately Rs 20.06 crore (hereinafter referred to as the 'Transaction'). Upon completion of the Transaction, RFT will become a wholly-owned subsidiary of TSML.
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First Published: Jun 15 2022 | 8:42 PM IST