Tata Steel’s admixture scheme may not move the needle on the stock
Tata SteelLtd. on Friday said it'll combine with itself six of its accessories and an associate company.
These include listed realities similar as Tata Steel Long Products Ltd( TSLP),
The Tinplate Company of India Ltd( TCIL), Tata Metaliks Ltd( TML) and TRFLtd.
For every ten shares of TSLP, Tata Steel shall lot its 67 shares t
o TSLP’s shareholders( 6710).
This scheme is in line with Tata Steel’s strategy of simplifying the group structure.
The admixture would enable solidarity in logistics, procurement, strategy and expansion systems.
Shares of Tata Steel rose just1.5 on Friday on the National Stock Exchange
In any case, shares of these sword companies are far from their separate 52- week highs.
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