Tata Steel has merged five companies with a cumulative turnover of ₹19,700 crore. This merger is part of the company's commitment to simplify its business portfolio. Stay updated with the latest news.
Shares of TRF, a Tata Group company, hit the 20% upper circuit limit, reaching an eight-year high of ₹393.30 apiece, following the decision against proceeding with the amalgamation process.
In concurrence with the decision of TRF Limited, the Tata Steel board also decided to withdraw the scheme, which was announced on September 22, 2022 as part of a wider consolidation of nine group companies
Tata Steel Halts TRF Amalgamation Plans As Associate Company Sees Business Turnaround freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
Tata Steel on Wednesday said its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a turnaround in its business performance., Companies News, Times Now