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Tata Steel recasts four utilities and infrastructure services unit telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
The step was taken to reorganise the company s India footprint into four clusters to drive scale, synergies and simplification and to create value for all stakeholders, , tata steel, TSDPL, stakeholders ....
Tata Steel transfers stake in processing arms to TSDPL PTI Kolkata | Updated on TSDPL was created to bring steel service centre solutions for the first time to industrial customers Tata Steel said it has transferred its stake in two companies to Tata Steel Downstream Products Ltd (TSDPL), a wholly- owned subsidiary of the firm, as part of reorganising its India footprint. The company today transferred the 51 per cent stake it holds in Jamshedpur Continuous Annealing and Processing Company Private Ltd (JCAPCPL) and 50 per cent stake it holds in Tata BlueScope Steel Private Ltd (TBSPL) to Tata Steel Downstream Products Ltd (TSDPL), it said in a regulatory filing. ....
Search Tata Steel transfers stake in two joint ventures to a wholly owned subsidiary Move aimed to simplify the group corporate structure Tata Steel has transferred its stake in two joint ventures to a wholly owned subsidiary in an attempt to simplify the group corporate structure. Listed entity Tata Steel held 51 per cent in Jamshedpur Continuous Annealing and Processing Company Private Ltd (JCAPCPL) and 50 per cent in Tata BlueScope Steel Private Ltd (TBSPL). These shares are now transferred to the books of Tata Steel Downstream Products Ltd (TSDPL), a wholly owned subsidiary of Tata Steel. The transactions were carried out on a non-cash basis; TSDPL issued shares to Tata Steel as consideration for acquiring the stakes. While Nippon Steel of Japan is the other shareholder in JCAPCPL, BlueScope Steel of Australia is the partner in TBSPL. ....