Tata Steel has received approval to merger Bamnipal Steel and Tata Steel BSL (formerly Bhushan Steel) into the Company by way of a composite scheme of amalgamation and have recommended a merger ratio of 1 equity share of Rs 10 each fully paid up of the Company for every 15 equity shares of each fully paid up held by the public shareholders of Tata Steel BSL. The Board of Directors of the Company at its meeting held on April 25, 2019 has approved the same.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.
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