BIZ-TATA STEEL - Tata Steel Mining completes 100 pc acquisition of Rohit Ferro-Tech
Contributed by NAMPA / PTI.
New Delhi, Jun 24 (PTI) Tata Steel Mining has completed the acquisition of remaining 10 per cent equity stake in Rohit Ferro-Tech (RFT) for Rs 20 crore, according to a company statement.
On April 12, Tata Steel said its subsidiary Tata Steel Mining Ltd (TSML) has completed the acquisition of 90 per cent stake in RFT in accordance with the approved resolution plan under Insolvency and Bankruptcy Code 2016.
The investment from TSML in RFT was made through a combination of equity of Rs 10 crore and ...