All the metal companies in Tata Group merged into Tata Steel

Tata Group stated that each of these companies had been reviewed by the Committee of Independent Directors as well as the Audit Committee of the Company and were recommended to the Board.

The Tata Group Board of Directors approved the merger of all its metal businesses into Tata Steel. According to a BSE filing, the board gave the go-ahead for the merger of seven metal companies to Tata Steel.

The seven companies to be merged into Tata Steel include Tata Steel Long Products Limited and The Tinplate Company of India Limited. Tata Metaliks Limited, Tata Metaliks Limited. TRF Limited. Tata Steel Mining Limited. S & T Mining Company Limited.

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The Tata group has the following

  • Tata Steel Long Products Limited (“TSLP-Transferor Company”) into and with Tata Steel Limited (“Transferee Company”)
  • The Tinplate Company of India Limited (“TCIL-Transferor Company”) into and with Tata Steel Limited (“Transferee Company”)
  • Tata Metaliks Limited (“TML-Transferor Company”) into and with Tata Steel Limited (“Transferee Company”)
  • TRF Limited (‘TRF-Transferor Company’) into and with Tata Steel Limited (“Transferee Company”)
  • The Indian Steel & Wire Products Limited (“ISWP-Transferor Company”) entered into and joined its parent company Tata Steel Limited (“Transferee Company”)
  • Tata Steel Mining Limited (‘TSML-Transferor Company’) to and with Tata Steel Limited, (‘Transferee Company’);
  • S & T Mining Company Limited (‘S & T Mining-Transferor Company’) in and with Tata Steel Limited Limited (‘Transferee Company’)

BSE filed shows that Tata Group stated that each of these companies had been reviewed and recommended by the Committee of Independent Directors as well as the Audit Committee of the Company to the Board.

“Each Scheme requires approval from (a) the requisite majority of shareholders of respective Transferor Companies or Transferee Companies; (b) Competent Authorities (as described in each of these Schemes), (c), SEBI (d), The National Stock Exchange of India Limited, and the BSE Limited, collectively referred as “Stock Exchanges”); and (e) any other approvals, permits and sanctions of regulatory authorities / quasi-judicial authorities as may be required as per applicable law”.

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