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India's Tata Steel Mining purchases remaining stake in Rohit Ferro Technology to make it wholly owned subsidiary

Gangya Metal145 people have read

India's Tata Steel Mining, subsidiary of Tata Steel Limited, has finished procurement of a 10 percent equity stake in Rohit Feradditional steel coilsro Tech Limited (RFTL), making it a wholly-owned subsidiary, a business declaration stated on Friday, June 24. Previously on April 12 this year, TSM had actually gotten 90 percent of equity in RFTL through201 stainless steel coil rate the personal bankruptcy resolution procedure, the firm said.The purchase of the continuing to be stake in RFTL and making it a wholly-owned subsidiary of TSM will allow a fresh mixture of funds right into the former and also boost Tata Steel's manufacturing capacities and profile of ferroalloys, company sources claimed.

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