India Business News: Tata Steel has decided to call off the merger with TRF due to the significant improvement in its business performance. Find out more about this development and its impact on Tata Steel.
Tata Steel the promoter of TRF held a 34.1% stake in the company as on December-end. Under the amalgamation scheme, shareholders of TRF were to get 17 shares of Tata Steel for every 10 held in the company.