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As On 02-Dec-2022 11:39
-517.58 (-0.82%)
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Date Announcement
21-Oct-2022 Tata Steel will hold a meeting of the Board of Directors of the Company on 31 October 2022.
04-Oct-2022 Tata Steel, through T S Global Holdings, has concluded the divestment of its 19% equity stake in Al Rimal Mining LLC, Oman (an indirect wholly owned subsidiary of Tata Steel) to Tanmia on 03 October 2022, thereby reducing its shareholding from 70% to 51% in Al Rimal.
23-Sep-2022 The Board of Tata Steel at its meeting held on 22 September 2022 has approved seven schemes of amalgamation of: 1. Tata Steel Long Products (TSLP-Transferor Company) into and with its parent company, Tata Steel (Transferee Company). 2. The Tinplate Company of India (TCIL-Transferor Company) into and with its parent company, Tata Steel (Transferee Company). 3. Tata Metaliks (TML-Transferor Company) into and with its parent company, Tata Steel (Transferee Company). 4. TRF (TRF-Transferor Company) into and with Tata Steel (Transferee Company). 5. The Indian Steel & Wire Products (ISWP-Transferor Company) into and with its parent company, Tata Steel (Transferee Company). 6. Tata Steel Mining (TSML-Transferor Company) into and with its parent company, Tata Steel (Transferee Company); and 7. S & T Mining Company (S & T Mining-Transferor Company) into and with its parent company, Tata Steel (Transferee Company)
14-Sep-2022 Tata Steel approved the issue of 20,000 Fixed rate, Unsecured, Redeemable, Rated, Listed, Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 2,000 crore on private placement basis. The deemed date of allotment is 20 September 2022. The issue will comprise of two different series (Series 1 Debenture aggregating to Rs 500 crore and Series 2 Debenture aggregating to Rs 1,500 crore).
10-Sep-2022 Tata Steel will hold a meeting of the Board of Directors of the Company on 14 September 2022.
29-Aug-2022 Tata Steel signed a Memorandum of Understanding (MoU) on 26 August 2022 with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF). This initiative to set up the greenfield facility at Kadiana Khurd, Hitech Valley, Ludhiana in Punjab is part of Tata Steel's commitment to investing in a circular economy and transitioning to low-carbon steelmaking through the steel recycling route. It is a step aligned to the Company's goal of achieving Net Zero carbon emission by 2045. The state-of-the art EAF-based steel plant would produce construction grade steel rebar under the Company's flagship retail brand ‘Tata Tiscon', which would enable Tata Steel to further augment its market presence in the construction segment.
16-Jul-2022 Tata Steel will hold a meeting of the Board of Directors of the Company on 25 July 2022.
04-Jul-2022 Tata Steel through its listed subsidiary Tata Steel Long Products (TSLP) has today, i.e. 04 July 2022 completed the acquisition of stake in Neelachal Ispat Nigam (NINL). The transaction has been completed for an aggregate consideration of Rs 12,100 crore as per the terms and conditions of the Share Sale and Purchase Agreement entered into by the Company in accordance with the process which was carried out by Department of Investment and Public Asset Management (DIPAM). As part of the acquisition, the following have been completed: 1. Subscription of 48,43,75,000 equity shares of face of ₹10/- each aggregating to Rs 3,100 crore by TSLP; 2. Subscription of 0.01%, 45,60,54,252 Non-Convertible Redeemable Preference Shares of face value of Rs 100/- each aggregating to approx. Rs 4,560.54 crore by TSLP. 3. Purchase of 69,40,29,741 equity shares by TSLP from MMTC, NMDC, MECON, Bharat Heavy Electricals, Industrial Promotion and Investment Corporation of Odisha, and Odisha Mining Corporation for the balance consideration. Consequently, NINL has become a subsidiary of TSLP and an indirect subsidiary of Tata Steel.
24-Jun-2022 Tata Steel announced that its wholly owned subsidiary, Tata Steel Mining has completed the acquisition of 10% equity stake held by the financial creditors in Rohit Ferro Tech on 22 June 2022.
15-Jun-2022 Tata Steel Mining (TSML), a wholly-owned subsidiary of Tata Steel has, on 14 June 2022, paid consideration for acquiring 10% equity stake held by the Financial Creditors in Rohit Ferro Tech (RFT), a subsidiary of TSML, for an amount aggregating to approximately Rs 20.06 crore (hereinafter referred to as the ‘Transaction'). Upon completion of the Transaction, RFT will become a wholly-owned subsidiary of TSML.
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Flash News 02-Dec-2022
  •  ( 11:36) Market at day's low, broader mkt rallies  
  •  ( 11:15) NLC India inks pact with GRIDCO  
  •  ( 10:34) Sensex slips 395 pts, Nifty below 18,700 level, auto stocks decline  
  •  ( 10:27) MOIL production jumps 60% MoM in Nov’22  
  •  ( 09:43) Eicher Motors motorcycle sales rises 37% YoY in November  
  •  ( 09:34) Market drifts lower in early trade, breadth positive  
  •  ( 08:36) Asian stocks trading lower  
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02 December 2022 11:37
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