tata steel merger, Tata’s mega plan.. metal companies joining together! – Tata Group decides to merge all of its seven metal subsidiaries with its giant Tata Steel

In order to consolidate the Tata Group’s metal businesses and reduce costs, the Tata Group has announced that it will merge all its metals businesses with Tata Steel.

Tata Steel is the parent company of the Tata Group. So far seven subsidiaries namely Tata Steel Long Products, Tata Metals, Tinplate Company of India, TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining are operating under the Tata Group.

In this case, the Tata Group has announced today that it will merge all the above seven metal companies with the Tata Steel Company. Board meeting of Tata Steel was held yesterday. In this, merger of seven subsidiaries has been approved.

Infosys Share: Infosys share in terrible decline.. What can be done now?
Following this announcement, Tata Steel stock price rose by over 1.50% today. The details related to the share transaction have also been released.

17 Tata Steel shares will be issued for every 10 TRF shares. For every 10 shares of Tata Steel Long Products, 67 Tata Steel shares will be issued. For every 10 Tinplate Company of India shares, 33 Tata Steel shares will be issued. For every 10 Tata Metaliks shares, 79 Tata Steel shares will be issued.