Tata Group took a big decision, 6 companies of the group will be merged into Tata Steel Tata Group took a big decision, 6 companies of the group will be merged into Tata Steel

0
5
Tata Group took a big decision, 6 companies of the group will be merged into Tata Steel Tata Group took a big decision, 6 companies of the group will be merged into Tata Steel


Photo:PTI/FILE Tata Steel

Tata Group He has taken a big decision. The group has approved the plan to merge six subsidiaries of the country’s leading steel company Tata Steel with it. This information was given in a statement on Friday. A proposal in this regard was approved by the company’s board on Thursday, the statement said. “The Board of Directors of Tata Steel has considered and approved the proposed merger plans of the six subsidiaries with Tata Steel,” said a statement issued by Tata Steel.

These six companies will merge

These subsidiaries are ‘Tata Steel Long Products Limited’, ‘The Tinplate Company of India Limited’, ‘Tata Metallics Limited’, ‘The Indian Steel & Wire Products Limited’, ‘Tata Steel Mining Limited’ and ‘S&T Mining Company Limited’. ‘. Tata Steel holds 74.91 percent stake in ‘Tata Steel Long Products Limited’. Apart from this, it has 74.96 percent stake in ‘The Tinplate Company of India Limited’, 60.03 percent in ‘Tata Metallics Limited’ and 95.01 percent in ‘The Indian Steel and Wire Products Limited’, while ‘Tata Steel Mining Limited’ and ‘S&S’ Both ‘Tea Mining Company Limited’ are its wholly owned subsidiaries. The Board also approved the merger of Tata Steel’s subsidiary ‘TRF Limited’ (34.11 percent stake) with Tata Steel Limited.

Considering merging AirAsia with Air India

The Tata group has initiated an exercise to evaluate the option of merging AirAsia India and Vistara with Air India. Sources said the decision has been taken to establish better operational synergy between the three airlines. Sources familiar with the entire development said that a team has been constituted under the leadership of the company’s operating director RS Sandhu. The Tata group had acquired Air India in October last year for Rs 18,000 crore. He said the team will conduct assessments to enhance operational synergy between Air India Express and AirAsia India as well as Air India and Vistaar. A source said, “The team has been constituted by Air India CEO and Managing Director Campbell Wilson. This team will consider ways to create a better synergy between Air India Express and AirAsia India and Air India and Vistaar and to achieve the goal of the merger.

Latest Business News

function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}

window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here