Tata Steel merger: With the amalgamation coming into effect, The Tinplate Company of India Limited stands amalgamated into and with Tata Steel and dissolved without being wound up on and from the effective date
Tata Steel would issue and allot fully paid-up ordinary equity shares, to those shareholders of Tinplate Company, whose names would appear in the Register of Members on the record date i.e. Friday, January 19, 2024.
Potential opportunities could be in the telecommunications and digital business. The group has 29 listed entities and achieving greater scale is critical in a global economic environment.
Merger of seven entities with Tata Steel will allow simplification of management and help with sharper focus on the business, Koushik Chatterjee, CFO of the steel giant, said.